George Kaiser Family Foundation Invests $287,000 in Cintas Corporation $CTAS

Key Points

• The George Kaiser Family Foundation acquired 1,394 shares of Cintas Corporation in the first quarter, valued at approximately $287,000.
• Cintas recently declared a quarterly dividend of $0.45 per share, an increase from the previous quarterly dividend of $0.39, with an annualized yield of 0.8%.
• The company's recent earnings report showed an EPS of $1.09, exceeding analysts' expectations, with revenue up 8% compared to last year.

George Kaiser Family Foundation bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,394 shares of the business services provider's stock, valued at approximately $287,000.

Other institutional investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new position in Cintas in the first quarter valued at $41,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Cintas by 646.4% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock valued at $43,000 after buying an additional 181 shares during the last quarter. Washington Trust Advisors Inc. bought a new position in shares of Cintas during the first quarter valued at about $46,000. Greykasell Wealth Strategies Inc. bought a new position in Cintas during the 1st quarter worth approximately $46,000. Finally, Wellington Shields & Co. LLC bought a new position in Cintas during the 1st quarter worth approximately $51,000. 63.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on CTAS. Morgan Stanley raised their price target on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. UBS Group raised their target price on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, July 18th. JPMorgan Chase & Co. assumed coverage on shares of Cintas in a report on Monday, July 14th. They issued an "overweight" rating and a $239.00 price target on the stock. Robert W. Baird raised their price target on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Finally, The Goldman Sachs Group lifted their price objective on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $224.54.

Insider Buying and Selling at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the sale, the chief executive officer owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Martin Mucci bought 1,200 shares of the company's stock in a transaction on Monday, July 21st. The shares were bought at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the transaction, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Insiders own 15.00% of the company's stock.

Cintas Trading Down 0.3%

Cintas stock traded down $0.62 during mid-day trading on Thursday, hitting $216.11. The company's stock had a trading volume of 920,599 shares, compared to its average volume of 1,681,481. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. The stock has a market cap of $87.09 billion, a PE ratio of 49.00, a P/E/G ratio of 3.73 and a beta of 1.03. The company has a 50 day moving average of $220.44 and a 200-day moving average of $212.36. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24.

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

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be given a dividend of $0.45 per share. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 0.8%. Cintas's payout ratio is 40.82%.

Cintas Company Profile

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.