Rathbones Group PLC Decreases Holdings in Cintas Corporation $CTAS

Rathbones Group PLC reduced its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 12.4% in the 1st quarter, HoldingsChannel reports. The fund owned 512,676 shares of the business services provider’s stock after selling 72,566 shares during the quarter. Rathbones Group PLC’s holdings in Cintas were worth $86,714,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. One Capital Management LLC raised its position in shares of Cintas by 0.9% during the 4th quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock worth $1,159,000 after acquiring an additional 53 shares in the last quarter. Richardson Financial Services Inc. boosted its holdings in Cintas by 1.1% in the fourth quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider’s stock valued at $951,000 after purchasing an additional 54 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Cintas by 0.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock valued at $1,236,000 after purchasing an additional 58 shares in the last quarter. Sachetta LLC increased its stake in Cintas by 46.0% in the first quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 63 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its holdings in Cintas by 2.8% during the second quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock worth $510,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

CTAS opened at $204.63 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $226.75. The business’s 50 day moving average is $183.11 and its two-hundred day moving average is $184.06. The firm has a market cap of $81.89 billion, a price-to-earnings ratio of 54.71, a price-to-earnings-growth ratio of 3.30 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, research analysts predict that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid 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 yield of 1.0%. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio (DPR) is currently 48.13%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group restated a “buy” rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Friday, July 17th. Robert W. Baird lifted their price target on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $231.00 price target on shares of Cintas in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company restated 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. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $212.31.

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.