Cintas Corporation $CTAS Shares Bought by Nvwm LLC

Nvwm LLC increased its holdings in Cintas Corporation (NASDAQ:CTAS) by 152,069.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,782 shares of the business services provider’s stock after purchasing an additional 19,769 shares during the quarter. Nvwm LLC’s holdings in Cintas were worth $3,859,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. William Allan Corp boosted its position in Cintas by 0.5% during the third quarter. William Allan Corp now owns 9,608 shares of the business services provider’s stock valued at $1,874,000 after buying an additional 48 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of Cintas by 1.6% during the second quarter. Rehmann Capital Advisory Group now owns 3,355 shares of the business services provider’s stock valued at $580,000 after buying an additional 54 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Cintas by 0.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock valued at $1,236,000 after buying an additional 58 shares during the last quarter. Sachetta LLC increased its holdings in shares of Cintas by 46.0% in the first quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock worth $34,000 after buying an additional 63 shares during the period. Finally, First National Bank of Mount Dora Trust Investment Services increased its holdings in shares of Cintas by 0.4% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 17,447 shares of the business services provider’s stock worth $2,967,000 after buying an additional 70 shares during the period. 63.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CTAS shares. Truist Financial boosted their target price on Cintas from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Citigroup raised their price target on Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a research report on Wednesday, September 30th. Jefferies Financial Group lifted their price target on Cintas from $200.00 to $210.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research note on Thursday, September 24th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Cintas in a research report on Thursday, September 10th. Ten investment analysts have rated the stock with 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 a consensus rating of “Moderate Buy” and a consensus target price of $218.50.

Cintas Stock Performance

Cintas stock opened at $208.63 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The firm has a market cap of $82.84 billion, a P/E ratio of 41.15, a P/E/G ratio of 3.28 and a beta of 0.92. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $219.16. The firm has a 50-day moving average of $200.56 and a 200-day moving average of $186.72.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the company posted $1.20 EPS. Cintas’s quarterly revenue was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Sell-side analysts expect that Cintas Corporation will post 5.52 EPS for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. This is a boost from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, August 14th. Cintas’s payout ratio is presently 41.03%.

About Cintas

Cintas Corporation (NASDAQ: CTAS) provides workplace services to businesses and organizations across North America. The company’s primary business is uniform rental and facility services, including the design, rental, cleaning and delivery of uniforms, work apparel and related garments.

Its offerings also include restroom and hygiene services, floor-care products, mats, towels, and other facility supplies. Through its First Aid & Safety segment, Cintas provides first-aid products, safety equipment and training.