4,715 Shares in Cintas Corporation $CTAS Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC acquired a new position in Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,715 shares of the business services provider’s stock, valued at approximately $802,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. One Capital Management LLC grew its stake in shares of Cintas by 0.9% during the fourth quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock valued at $1,159,000 after acquiring an additional 53 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of 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 worth $1,236,000 after acquiring an additional 58 shares in the last quarter. Sachetta LLC boosted its holdings 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. Ausdal Financial Partners Inc. boosted its holdings in Cintas by 2.8% in the second quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock valued at $510,000 after purchasing an additional 63 shares during the last quarter. Finally, Elyxium Wealth LLC grew its stake in Cintas by 4.9% during the 4th quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 64 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Up 0.8%

CTAS stock opened at $199.45 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $219.87. The firm has a fifty day moving average price of $189.72 and a two-hundred day moving average price of $184.77. The firm has a market cap of $79.81 billion, a price-to-earnings ratio of 53.33, a PEG ratio of 3.22 and a beta of 0.91.

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

Cintas Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have issued reports on CTAS shares. Robert W. Baird lifted their price objective on Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. The Goldman Sachs Group reiterated a “buy” rating and set a $231.00 target price on shares of Cintas in a research note on Wednesday, July 15th. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research report on Thursday, July 16th. Truist Financial dropped their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, June 15th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cintas has a consensus rating of “Moderate Buy” and a consensus price target of $212.31.

Cintas Company 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.