Dearborn Partners LLC Makes New $20.82 Million Investment in Cintas Corporation $CTAS

Dearborn Partners LLC bought a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 123,111 shares of the business services provider’s stock, valued at approximately $20,823,000.

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

Cintas Stock Performance

Shares of Cintas stock opened at $207.40 on Tuesday. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.16. The business’s fifty day simple moving average is $191.81 and its 200-day simple moving average is $185.16. The firm has a market cap of $83.00 billion, a PE ratio of 55.45, a price-to-earnings-growth ratio of 3.29 and a beta of 0.92. 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 (NASDAQ:CTAS) last issued its quarterly earnings data 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. The firm 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 quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities analysts forecast that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

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

Wall Street Analyst Weigh In

CTAS has been the topic of several recent research reports. Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Truist Financial cut their price objective on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, June 15th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $231.00 target price on shares of Cintas in a research note on Wednesday, July 15th. Robert W. Baird boosted their target price on shares of Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.