6,778 Cintas Corporation $CTAS Shares Acquired by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 39.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 23,996 shares of the business services provider’s stock after acquiring an additional 6,778 shares during the period. Signal Advisors Wealth LLC’s holdings in Cintas were worth $4,681,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Cintas during the second quarter valued at about $4,520,425,000. Bank of New York Mellon Corp purchased a new stake in Cintas during the 2nd quarter worth approximately $644,334,000. Amundi grew its position in Cintas by 6.3% during the 1st quarter. Amundi now owns 2,402,362 shares of the business services provider’s stock worth $406,336,000 after purchasing an additional 142,576 shares during the last quarter. Legal & General Group Plc acquired a new position in Cintas during the 2nd quarter valued at approximately $386,159,000. Finally, Pictet Asset Management Holding SA increased its stake in Cintas by 8.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,167,957 shares of the business services provider’s stock valued at $366,673,000 after purchasing an additional 165,752 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 0.6%

Cintas stock opened at $206.38 on Wednesday. The stock has a 50-day moving average price of $200.42 and a 200 day moving average price of $186.44. The company has a market capitalization of $81.95 billion, a price-to-earnings ratio of 40.71, a price-to-earnings-growth ratio of 3.26 and a beta of 0.92. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.27. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.16.

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

Cintas Increases Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on CTAS. Wells Fargo & Company reaffirmed 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. Argus boosted their price objective on shares of Cintas from $230.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, September 29th. Rothschild & Co Redburn boosted their price objective on shares of Cintas from $184.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Truist Financial upped their target price on Cintas from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Finally, Citigroup raised their target price on Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a research note on Wednesday, September 30th. 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.50.

Cintas Company Profile

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.