Voleon Capital Management LP Invests $2.23 Million in Cintas Corporation $CTAS

Key Points

• Voleon Capital Management LP acquired 10,857 shares of Cintas Corporation, valued at approximately $2.23 million, in the first quarter of the year.
• Cintas announced a quarterly dividend increase to $0.45 per share, up from the previous dividend of $0.39, reflecting a positive change in its financial policies.
• The stock has seen price targets raised by various analysts, with Goldman Sachs increasing their target to $257.00, indicating continued confidence in Cintas's growth potential.

Voleon Capital Management LP bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,857 shares of the business services provider's stock, valued at approximately $2,231,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of Cintas during the 1st quarter valued at $27,000. Saudi Central Bank acquired a new position in shares of Cintas during the 1st quarter valued at $29,000. Stone House Investment Management LLC acquired a new position in shares of Cintas during the 1st quarter valued at $41,000. Resources Management Corp CT ADV acquired a new position in shares of Cintas during the 1st quarter valued at $41,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Cintas by 646.4% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock valued at $43,000 after acquiring an additional 181 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Insider Activity at Cintas

In related news, CEO Todd M. Schneider sold 17,301 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the sale, the chief executive officer owned 622,712 shares of the company's stock, valued at $137,557,080.80. This represents a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the business's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the sale, the director directly owned 21,945 shares of the company's stock, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Cintas Stock Down 1.0%

Shares of CTAS traded down $2.13 during midday trading on Friday, hitting $202.37. The company had a trading volume of 1,371,284 shares, compared to its average volume of 1,933,127. The company's 50 day moving average price is $216.03 and its 200 day moving average price is $212.85. The stock has a market cap of $81.55 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 3.53 and a beta of 1.01. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The company's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, equities research analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Cintas's previous quarterly dividend of $0.39. Cintas's payout ratio is currently 40.82%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CTAS. Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. JPMorgan Chase & Co. started coverage on shares of Cintas in a report on Monday, July 14th. They issued an "overweight" rating and a $239.00 price objective on the stock. UBS Group boosted their price objective on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Morgan Stanley boosted their price objective on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Finally, The Goldman Sachs Group boosted their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $224.54.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.