Cintas Corporation $CTAS Shares Bought by National Pension Service

National Pension Service grew its stake in Cintas Corporation (NASDAQ:CTAS) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 903,248 shares of the business services provider’s stock after purchasing an additional 6,970 shares during the period. National Pension Service owned about 0.23% of Cintas worth $153,624,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AMG National Trust Bank purchased a new position in shares of Cintas in the 2nd quarter valued at about $1,973,000. Summit Global Investments purchased a new position in Cintas during the second quarter worth approximately $950,000. TimesSquare Capital Management LLC acquired a new stake in Cintas in the second quarter valued at approximately $62,057,000. Oppenheimer Asset Management Inc. acquired a new stake in Cintas in the second quarter valued at approximately $4,972,000. Finally, BlackRock Inc. purchased a new stake in shares of Cintas in the second quarter valued at approximately $4,520,425,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

CTAS has been the subject of several research analyst reports. Weiss Ratings raised Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $231.00 price target on shares of Cintas in a report on Wednesday, July 15th. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research report on Thursday, July 16th. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $230.00 in a report on Thursday, July 16th. Finally, Truist Financial dropped their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $212.31.

Cintas Stock Down 0.8%

Shares of NASDAQ CTAS opened at $198.44 on Friday. The company has a market capitalization of $79.41 billion, a P/E ratio of 53.06, a P/E/G ratio of 3.23 and a beta of 0.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. The company has a 50 day simple moving average of $199.56 and a 200-day simple moving average of $185.66. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.16.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data 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 firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period 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. On average, equities research analysts predict that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio (DPR) is currently 55.61%.

Cintas Profile

Cintas Corporation is a provider of workplace products and services for businesses across North America. The company helps organizations manage employee appearance, workplace cleanliness, safety, and compliance through a range of recurring service programs.

Its offerings include uniform rental and workwear, branded apparel, entrance mats, restroom supplies, and facility cleaning services. Cintas also provides first-aid and safety products, training, and fire protection services, including inspection and maintenance programs for fire extinguishers, sprinkler systems, alarms, and related equipment.

Headquartered in Mason, Ohio, Cintas traces its roots to a family-operated industrial laundry business established by Richard T.