Empowered Funds LLC Has $6.36 Million Stock Position in Cintas Corporation $CTAS

Empowered Funds LLC increased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 31.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 37,587 shares of the business services provider’s stock after purchasing an additional 9,083 shares during the period. Empowered Funds LLC’s holdings in Cintas were worth $6,357,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CTAS. Nemes Rush Group LLC bought a new position in Cintas in the fourth quarter valued at about $25,000. Swiss RE Ltd. bought a new position in shares of Cintas in the fourth quarter worth about $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Cintas in the fourth quarter worth about $26,000. Camelot Portfolios LLC acquired a new stake in shares of Cintas in the 4th quarter valued at approximately $26,000. Finally, Triumph Capital Management acquired a new stake in shares of Cintas in the 3rd quarter valued at approximately $29,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

NASDAQ:CTAS opened at $204.63 on Friday. The stock has a market cap of $81.89 billion, a P/E ratio of 54.71, a price-to-earnings-growth ratio of 3.30 and a beta of 0.94. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average is $183.11 and its 200-day moving average is $184.12. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $226.75.

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, beating 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 business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the business earned $1.09 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities research analysts anticipate that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Cintas’s payout ratio is 48.13%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, June 15th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a research note on Thursday, July 16th. The Goldman Sachs Group restated a “buy” rating and issued a $231.00 target price on shares of Cintas in a research report on Wednesday, July 15th. Robert W. Baird boosted their target price on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. One investment 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 given a Sell rating to the company. 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.