Vega Investment Solutions Acquires Shares of 3,363 Cintas Corporation $CTAS

Vega Investment Solutions bought a new position in Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,363 shares of the business services provider’s stock, valued at approximately $572,000.

Several other hedge funds have also recently made changes to their positions in the company. Nemes Rush Group LLC purchased a new position in shares of Cintas during the 4th quarter valued at $25,000. First United Bank & Trust purchased a new stake in Cintas in the 1st quarter worth about $25,000. Whipplewood Advisors LLC raised its stake in Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 137 shares during the period. Swiss RE Ltd. bought a new stake in Cintas in the 4th quarter valued at about $25,000. Finally, Camelot Portfolios LLC purchased a new stake in Cintas during the fourth quarter valued at about $26,000. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. 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. UBS Group restated a “buy” rating and set a $230.00 price target (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Argus raised shares of Cintas to a “strong-buy” rating in a report on Friday, July 17th. Wells Fargo & Company reiterated an “overweight” rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Finally, Robert W. Baird increased their target price on Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $212.31.

Cintas Trading Up 1.8%

Shares of Cintas stock opened at $207.40 on Tuesday. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $219.16. The company has a market cap of $83.00 billion, a price-to-earnings ratio of 55.45, a PEG ratio of 3.29 and a beta of 0.92. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $191.81 and its 200-day moving average price is $185.16.

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 company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. Cintas’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, equities analysts expect that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently declared 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. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. Cintas’s payout ratio is 55.61%.

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.