Nykredit A S Acquires Shares of 116,961 Cintas Corporation $CTAS

Nykredit A S acquired a new position in Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 116,961 shares of the business services provider’s stock, valued at approximately $19,893,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CTAS. BlackRock Inc. purchased a new stake in Cintas during the second quarter valued at $4,520,425,000. Norges Bank purchased a new stake in shares of Cintas during the 4th quarter valued at about $923,672,000. Bank of New York Mellon Corp bought a new position in shares of Cintas in the 2nd quarter worth approximately $644,334,000. Legal & General Group Plc purchased a new position in shares of Cintas in the second quarter worth approximately $386,159,000. Finally, Bank of America Corp DE purchased a new position in shares of Cintas in the second quarter worth approximately $233,111,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ CTAS opened at $200.47 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The company has a market cap of $80.22 billion, a P/E ratio of 53.60, a P/E/G ratio of 3.25 and a beta of 0.91. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $219.16. The business’s 50 day moving average price is $197.47 and its 200-day moving average price is $185.64.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Sell-side analysts predict that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a $0.52 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. This is a positive change from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio (DPR) is currently 55.61%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group reiterated a “buy” rating and issued a $230.00 price target (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Friday, July 17th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $212.31.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.