1,632 Shares in Cintas Corporation $CTAS Purchased by Archford Capital Strategies LLC

Key Points

• Archford Capital Strategies LLC acquired 1,632 shares of Cintas Corporation, valued at approximately $364,000, marking a new position for the firm in the company's stocks.
• Cintas announced a quarterly dividend increase to $0.45 per share, reflecting a 0.9% yield and a payout ratio of 39.91%.
• The company reported earnings per share of $1.20 for the last quarter, surpassing analyst expectations, and projected annual earnings of 4.31 EPS for the current year.

Archford Capital Strategies LLC purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,632 shares of the business services provider's stock, valued at approximately $364,000.

Other institutional investors also recently bought and sold shares of the company. Crestwood Advisors Group LLC purchased a new position in Cintas during the first quarter worth about $270,000. Pinnacle Financial Partners Inc raised its stake in Cintas by 3.8% during the first quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider's stock worth $12,327,000 after purchasing an additional 2,191 shares during the period. China Universal Asset Management Co. Ltd. raised its stake in Cintas by 51.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider's stock worth $2,049,000 after purchasing an additional 3,404 shares during the period. BNP Paribas Financial Markets raised its stake in Cintas by 25.5% during the first quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider's stock worth $162,615,000 after purchasing an additional 160,820 shares during the period. Finally, Fifth Third Bancorp raised its stake in Cintas by 1.0% during the first quarter. Fifth Third Bancorp now owns 605,222 shares of the business services provider's stock worth $124,391,000 after purchasing an additional 5,784 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Price Performance

Cintas stock opened at $203.91 on Tuesday. The company's 50 day simple moving average is $212.46 and its 200-day simple moving average is $212.99. The company has a market capitalization of $82.17 billion, a price-to-earnings ratio of 46.24, a price-to-earnings-growth ratio of 3.53 and a beta of 1.01. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the firm earned $1.10 EPS. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, equities research analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. This is an increase from Cintas's previous quarterly dividend of $0.39. Cintas's payout ratio is currently 39.91%.

Insider Buying and Selling

In related news, Director Ronald W. Tysoe sold 5,084 shares of the company's stock in a transaction that occurred on 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 $4,904,049.15. This represents a 18.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin Mucci bought 1,200 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were acquired at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the purchase, the director owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CTAS. JPMorgan Chase & Co. reduced their target price on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Robert W. Baird lifted their target price on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. UBS Group lifted their target price on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Wells Fargo & Company reduced their price target on shares of Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Finally, Morgan Stanley boosted their price target on shares of Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $222.09.

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.

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