Aberdeen Group plc Has $61.95 Million Stake in Cintas Corporation $CTAS

Key Points

• Aberdeen Group plc increased its stake in Cintas Corporation to approximately $61.95 million, representing an 8.3% growth with a total of 277,960 shares owned.
• Major institutional investors like Vanguard Group and Ameriprise Financial also expanded their holdings in Cintas, with institutional ownership now at 63.46%.
• Cintas recently declared a quarterly dividend of $0.45, up from $0.39, translating to an annualized yield of 1.0% and reflecting strong financial performance.

Aberdeen Group plc grew its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,960 shares of the business services provider's stock after purchasing an additional 21,357 shares during the period. Aberdeen Group plc owned about 0.07% of Cintas worth $61,949,000 as of its most recent SEC filing.

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

Insider Transactions at Cintas

In related news, Director Martin Mucci bought 1,200 shares of Cintas stock in a transaction dated 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 completion of the transaction, the director owned 2,621 shares of the company's stock, valued at approximately $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer 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 company insiders.

Analysts Set New Price Targets

CTAS has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. Royal Bank Of Canada decreased their target price on shares of Cintas from $240.00 to $206.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 25th. Wells Fargo & Company decreased their target price on shares of Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Citigroup lifted their target price on shares of Cintas from $172.00 to $176.00 and gave the company a "sell" rating in a research report on Friday, September 26th. Finally, The Goldman Sachs Group lifted their target price on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $222.09.

Cintas Price Performance

NASDAQ:CTAS opened at $187.96 on Friday. The firm has a market cap of $75.53 billion, a PE ratio of 42.62, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The company's 50-day moving average price is $208.33 and its two-hundred day moving average price is $213.10.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.01. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company'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 business earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. Cintas's dividend payout ratio (DPR) is presently 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.

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