Cintas Corporation $CTAS Stock Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lifted its stake in Cintas Corporation (NASDAQ:CTAS) by 162.9% during the third quarter, Holdings Channel reports. The institutional investor owned 9,693 shares of the business services provider’s stock after acquiring an additional 6,006 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Cintas were worth $1,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CTAS. Whipplewood Advisors LLC raised its position in Cintas by 1,712.5% during 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 in the last quarter. First United Bank & Trust acquired a new position in Cintas in the first quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new stake in Cintas in the 2nd quarter worth approximately $27,000. Archer Investment Corp purchased a new stake in Cintas in the 1st quarter worth approximately $32,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new stake in Cintas in the 3rd quarter worth approximately $37,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on CTAS. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a research note on Thursday, September 24th. Weiss Ratings upgraded shares of Cintas from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Citigroup increased their price target on shares of Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a report on Wednesday, September 30th. Finally, Robert W. Baird set a $222.00 price target on shares of Cintas and gave the stock an “outperform” rating in a report on Thursday, September 24th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.50.

Cintas Stock Performance

NASDAQ CTAS opened at $213.69 on Friday. The stock has a market capitalization of $84.85 billion, a price-to-earnings ratio of 42.15, a PEG ratio of 3.40 and a beta of 0.92. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $219.16. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $200.99 and a 200 day moving average of $187.24.

Cintas (NASDAQ:CTAS) last issued its quarterly 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 return on equity of 42.57% and a net margin of 17.82%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the business posted $1.20 earnings per share. Cintas’s revenue for the quarter was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Sell-side analysts anticipate that Cintas Corporation will post 5.52 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio is currently 41.03%.

About Cintas

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.