Cintas Corporation $CTAS Shares Newly Acquired by Sawyer & Company Inc

Sawyer & Company Inc acquired a new stake in Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,073 shares of the business services provider’s stock, valued at approximately $3,135,000. Cintas makes up about 1.1% of Sawyer & Company Inc’s portfolio, making the stock its 29th largest position.

A number of other hedge funds have also made changes to their positions in CTAS. AMG National Trust Bank acquired a new position in Cintas during the second quarter worth about $1,973,000. Summit Global Investments bought a new stake in Cintas in the second quarter worth about $950,000. TimesSquare Capital Management LLC acquired a new stake in Cintas in the 2nd quarter valued at about $62,057,000. Oppenheimer Asset Management Inc. acquired a new stake in Cintas in the 2nd quarter valued at about $4,972,000. Finally, BlackRock Inc. bought a new position in shares of Cintas during the 2nd quarter valued at about $4,520,425,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Up 1.3%

Shares of NASDAQ CTAS traded up $2.80 during mid-day trading on Wednesday, hitting $219.83. 714,838 shares of the company traded hands, compared to its average volume of 2,103,312. 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 Corporation has a 1 year low of $161.16 and a 1 year high of $220.55. The stock has a market capitalization of $87.29 billion, a price-to-earnings ratio of 43.35, a PEG ratio of 3.37 and a beta of 0.92. The business has a 50 day moving average of $201.42 and a two-hundred day moving average of $187.99.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. Cintas’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, sell-side analysts anticipate that Cintas Corporation will post 5.53 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. This is an increase from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, August 14th. Cintas’s payout ratio is 41.03%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. The Goldman Sachs Group increased their target price on shares of Cintas from $231.00 to $239.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Citigroup raised their target price on shares of Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a report on Wednesday, September 30th. Argus lifted their price target on shares of Cintas from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, September 29th. Finally, Jefferies Financial Group upped their price target on Cintas from $200.00 to $210.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cintas has an average rating of “Moderate Buy” and a consensus price target of $218.50.

Cintas Company Profile

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.