Cintas Corporation $CTAS Stock: Kestra Advisory Services LLC Raises Holdings

Kestra Advisory Services LLC increased its holdings in Cintas Corporation (NASDAQ:CTAS) by 12.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 86,862 shares of the business services provider’s stock after purchasing an additional 9,285 shares during the quarter. Kestra Advisory Services LLC’s holdings in Cintas were worth $16,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC boosted its position in Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after acquiring an additional 137 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Cintas during the second quarter valued at $27,000. Archer Investment Corp bought a new stake in shares of Cintas during the 1st quarter worth about $32,000. Highland Investment Advisors LLC bought a new stake in shares of Cintas during the 2nd quarter worth about $32,000. Finally, Pingora Partners LLC acquired a new stake in shares of Cintas in the 2nd quarter worth approximately $34,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

NASDAQ CTAS opened at $222.36 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29. The company’s 50 day simple moving average is $206.46 and its 200 day simple moving average is $191.28. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $233.46. The company has a market capitalization of $88.29 billion, a P/E ratio of 43.86, a PEG ratio of 3.53 and a beta of 0.86.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.35 by $0.04. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the business earned $1.20 earnings per share. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Equities research analysts expect that Cintas Corporation will post 5.53 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 13th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Cintas’s payout ratio is presently 41.03%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Cintas from $231.00 to $239.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Rothschild & Co Redburn boosted their target price on Cintas from $184.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a research report on Thursday, September 24th. Robert W. Baird set a $222.00 price objective on Cintas and gave the company an “outperform” rating in a report on Thursday, September 24th. Finally, Jefferies Financial Group raised their target price on Cintas from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.62.

Cintas Profile

Cintas Corporation provides workplace products and services to businesses, primarily in North America. Its offerings include uniform rental and sales, workwear, and related services such as laundering and maintaining uniforms.

The company also supplies facility services, including restroom and floor products, and provides first aid and safety products and services. Its fire protection business offers services such as inspecting and maintaining fire extinguishers and other safety equipment.

Cintas traces its roots to Acme Industrial Laundry, a family business established in 1929.