Raiffeisen Bank International AG Sells 7,012 Shares of Cintas Corporation $CTAS

Raiffeisen Bank International AG cut its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 42.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,530 shares of the business services provider’s stock after selling 7,012 shares during the period. Raiffeisen Bank International AG’s holdings in Cintas were worth $1,611,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CTAS. Tudor Financial Inc. grew its stake in shares of Cintas by 4,343.8% during the 2nd quarter. Tudor Financial Inc. now owns 22,530 shares of the business services provider’s stock valued at $3,832,000 after purchasing an additional 22,023 shares during the period. TD Waterhouse Canada Inc. increased its stake in Cintas by 115.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 29,734 shares of the business services provider’s stock worth $5,180,000 after buying an additional 15,939 shares in the last quarter. NEOS Investment Management LLC raised its holdings in Cintas by 8.2% during the second quarter. NEOS Investment Management LLC now owns 294,774 shares of the business services provider’s stock valued at $50,135,000 after acquiring an additional 22,235 shares during the period. AXQ Capital LP purchased a new position in shares of Cintas in the second quarter valued at about $588,000. Finally, Nykredit A S purchased a new position in Cintas in the 2nd quarter worth approximately $19,893,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Down 0.3%

Cintas stock opened at $200.47 on Friday. 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 stock has a market capitalization of $80.22 billion, a price-to-earnings ratio of 53.60, a PEG ratio of 3.24 and a beta of 0.91. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $219.16. The business has a fifty day moving average price of $197.47 and a 200-day moving average price of $185.64.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The business had revenue of $2.91 billion for 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 for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities research analysts forecast that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on CTAS shares. Argus raised Cintas to a “strong-buy” rating in a research note on Friday, July 17th. The Goldman Sachs Group reiterated a “buy” rating and set a $231.00 price target on shares of Cintas in a report on Wednesday, July 15th. Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. UBS Group restated a “buy” rating and set a $230.00 target price (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. One investment 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 company. Based on data from MarketBeat.com, Cintas has a consensus rating of “Moderate Buy” and an average target price of $212.31.

Cintas Profile

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.