Cintas Corporation $CTAS Stock: Cabot Wealth Management Inc. Boosts Stake

Cabot Wealth Management Inc. raised its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 7.7% during the third quarter, HoldingsChannel reports. The fund owned 78,071 shares of the business services provider’s stock after acquiring an additional 5,613 shares during the quarter. Cintas comprises approximately 1.4% of Cabot Wealth Management Inc.’s holdings, making the stock its 25th largest position. Cabot Wealth Management Inc.’s holdings in Cintas were worth $15,229,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CTAS. Meeder Asset Management Inc. bought a new stake in shares of Cintas in the 2nd quarter worth about $27,000. Archer Investment Corp acquired a new stake in shares of Cintas in the 1st quarter valued at about $32,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of Cintas during the third quarter worth about $37,000. Highland Investment Advisors LLC bought a new position in shares of Cintas during the second quarter worth about $32,000. Finally, Pingora Partners LLC bought a new position in shares of Cintas during the second quarter worth about $34,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CTAS shares. Weiss Ratings downgraded Cintas from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Jefferies Financial Group upped their price objective on Cintas from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. The Goldman Sachs Group raised their price objective on Cintas from $231.00 to $239.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Finally, Argus boosted their target price on shares of Cintas from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $219.87.

Cintas Price Performance

CTAS opened at $227.26 on Thursday. The firm has a market cap of $90.24 billion, a price-to-earnings ratio of 43.91, a price-to-earnings-growth ratio of 3.57 and a beta of 0.86. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $233.46. The company’s 50-day moving average price is $207.85 and its 200 day moving average price is $191.75. 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 (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the company posted $1.20 earnings per share. Cintas’s revenue was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, sell-side analysts expect that Cintas Corporation will post 5.53 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 13th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Cintas’s dividend payout ratio is presently 41.03%.

About Cintas

Cintas Corporation provides workplace products and services to businesses, primarily in North America. Its offerings include uniform rental and sales, workwear, and related services such as laundering and maintaining uniforms. The company also supplies facility services, including restroom and floor products, and provides first aid and safety products and services. Its fire protection business offers services such as inspecting and maintaining fire extinguishers and other safety equipment. Cintas traces its roots to Acme Industrial Laundry, a family business established in 1929.