Liontrust Investment Partners LLP Raises Stock Position in Cintas Corporation $CTAS

Liontrust Investment Partners LLP grew its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 16.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 624,600 shares of the business services provider’s stock after acquiring an additional 87,641 shares during the period. Cintas comprises approximately 1.5% of Liontrust Investment Partners LLP’s investment portfolio, making the stock its 17th biggest holding. Liontrust Investment Partners LLP’s holdings in Cintas were worth $105,645,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CTAS. Caledonia Investments PLC acquired a new position in Cintas during the fourth quarter worth about $33,287,000. Riverbridge Partners LLC lifted its holdings in Cintas by 7.7% in the 1st quarter. Riverbridge Partners LLC now owns 229,158 shares of the business services provider’s stock valued at $38,760,000 after acquiring an additional 16,437 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Cintas by 2,286.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 736,620 shares of the business services provider’s stock valued at $138,536,000 after purchasing an additional 705,751 shares in the last quarter. SEB Asset Management AB acquired a new position in shares of Cintas in the 1st quarter worth approximately $22,366,000. Finally, Suncoast Equity Management boosted its holdings in Cintas by 53.7% during the fourth quarter. Suncoast Equity Management now owns 23,845 shares of the business services provider’s stock worth $4,485,000 after buying an additional 8,330 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $206.79 on Friday. The company’s fifty day moving average is $182.47 and its two-hundred day moving average is $183.98. 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 12-month low of $161.16 and a 12-month high of $226.75. The company has a market cap of $82.73 billion, a P/E ratio of 55.29, a price-to-earnings-growth ratio of 3.50 and a beta of 0.94.

Cintas (NASDAQ:CTAS) last issued its earnings results 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. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.Cintas’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities analysts expect that Cintas Corporation will post 5.49 earnings per share for the current fiscal 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 $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 an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio (DPR) is currently 48.13%.

Wall Street Analyst Weigh In

CTAS has been the topic of several recent research reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research report on Thursday, July 16th. Truist Financial reduced their price objective on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, June 15th. Robert W. Baird boosted their target price on Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. The Goldman Sachs Group restated a “buy” rating and set a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. Finally, UBS Group reaffirmed a “buy” rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.