Quantbot Technologies LP Invests $5.30 Million in Cintas Corporation $CTAS

Quantbot Technologies LP bought a new position in Cintas Corporation (NASDAQ:CTAS) in the 2nd quarter, Holdings Channel.com reports. The firm bought 31,157 shares of the business services provider’s stock, valued at approximately $5,299,000.

A number of other institutional investors have also added to or reduced their stakes in the company. AMG National Trust Bank bought a new position in Cintas during the second quarter valued at approximately $1,973,000. Summit Global Investments bought a new stake in shares of Cintas in the 2nd quarter worth approximately $950,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Cintas in the 2nd quarter worth approximately $4,972,000. TimesSquare Capital Management LLC purchased a new stake in shares of Cintas in the 2nd quarter valued at $62,057,000. Finally, Riverbridge Partners LLC boosted its stake in shares of 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 purchasing an additional 16,437 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.1%

Shares of Cintas stock opened at $203.79 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $219.16. The company’s 50 day moving average price is $191.16 and its 200-day moving average price is $185.08. The stock has a market capitalization of $81.55 billion, a price-to-earnings ratio of 54.49, a P/E/G ratio of 3.29 and a beta of 0.92.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities research analysts forecast that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The company also recently disclosed 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. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. This is a positive change from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 14th. Cintas’s payout ratio is currently 55.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Truist Financial decreased their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Monday, June 15th. The Goldman Sachs Group restated a “buy” rating and set a $231.00 price target on shares of Cintas in a research report on Wednesday, July 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research note on Thursday, July 16th. Weiss Ratings upgraded Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, Argus raised Cintas to a “strong-buy” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $212.31.

Cintas Company 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.