Formuepleje A S Reduces Stock Position in Cintas Corporation $CTAS

Formuepleje A S lessened its stake in Cintas Corporation (NASDAQ:CTAS) by 47.9% in the second quarter, HoldingsChannel reports. The firm owned 22,305 shares of the business services provider’s stock after selling 20,537 shares during the period. Formuepleje A S’s holdings in Cintas were worth $3,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CTAS. Nemes Rush Group LLC bought a new position in shares of Cintas during the 4th quarter valued at $25,000. Swiss RE Ltd. bought a new stake in shares of Cintas in the fourth quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new stake in Cintas during the fourth quarter valued at $26,000. Triumph Capital Management bought a new position in Cintas in the third quarter valued at about $29,000. Finally, Whipplewood Advisors LLC lifted its holdings in Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 137 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Performance

NASDAQ:CTAS opened at $200.47 on Monday. The stock has a 50-day simple moving average of $197.47 and a two-hundred day simple moving average of $185.59. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $219.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The firm has a market capitalization of $80.22 billion, a PE ratio of 53.60, a P/E/G ratio of 3.24 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 EPS for the quarter, topping the consensus estimate of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Analysts forecast that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 14th. 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. Cintas’s payout ratio is currently 55.61%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Argus upgraded Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Bank of America upgraded shares of Cintas from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. 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 research report on Thursday, July 16th. Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $231.00 target price on shares of Cintas in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.