1,732 Shares in Cintas Corporation $CTAS Acquired by Three Bridge Wealth Advisors LLC

Key Points

• Three Bridge Wealth Advisors LLC acquired 1,732 shares of Cintas Corporation, valued at approximately $386,000, during the 2nd quarter.
• Cintas recently reported earnings per share of $1.20, exceeding analyst estimates, with revenues of $2.72 billion for the quarter, up 8.7% year-over-year.
• The company increased its quarterly dividend to $0.45 per share, reflecting a positive change from the previous dividend of $0.39.

Three Bridge Wealth Advisors LLC purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,732 shares of the business services provider's stock, valued at approximately $386,000.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Cintas by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock valued at $7,781,223,000 after purchasing an additional 491,307 shares in the last quarter. Nuveen LLC acquired a new position in shares of Cintas in the 1st quarter valued at approximately $1,877,760,000. Northern Trust Corp raised its position in shares of Cintas by 0.7% in the 1st quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider's stock valued at $841,749,000 after purchasing an additional 28,469 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Cintas by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider's stock valued at $591,373,000 after purchasing an additional 59,162 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Cintas by 17.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,615,330 shares of the business services provider's stock valued at $538,303,000 after purchasing an additional 386,721 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Down 0.1%

Shares of Cintas stock opened at $202.61 on Friday. The stock's fifty day moving average is $211.00 and its 200-day moving average is $213.11. The firm has a market capitalization of $81.65 billion, a PE ratio of 45.94, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.01. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.Cintas's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas's payout ratio is presently 40.82%.

Insider Activity at Cintas

In related news, Director Ronald W. Tysoe sold 5,084 shares of the company's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the transaction, the director directly owned 21,945 shares of the company's stock, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $220.90, for a total value of $3,821,790.90. Following the transaction, the chief executive officer directly owned 622,712 shares in the company, valued at $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on CTAS. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cintas in a research report on Saturday, September 27th. Wells Fargo & Company lowered their price target on Cintas from $221.00 to $218.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Royal Bank Of Canada lowered their price target on Cintas from $240.00 to $206.00 and set a "sector perform" rating for the company in a report on Thursday, September 25th. Citigroup boosted their price target on Cintas from $172.00 to $176.00 and gave the company a "sell" rating in a report on Friday, September 26th. Finally, The Goldman Sachs Group boosted their price target on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $222.09.

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.

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