Addison Capital Co Takes $276,000 Position in Cintas Corporation $CTAS

Key Points

• Addison Capital Co has acquired a new position in Cintas Corporation worth approximately $276,000, acquiring 1,342 shares during the first quarter.
• CEO Todd M. Schneider sold over 17,000 shares of Cintas stock valued at approximately $3.82 million, while also indicating a decrease in his ownership of the stock by 2.70%.
• Cintas recently declared a quarterly dividend of $0.45, which is an increase from the previous dividend of $0.39, reflecting a 0.9% dividend yield.

Addison Capital Co acquired a new position in Cintas Corporation (NASDAQ:CTAS - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,342 shares of the business services provider's stock, valued at approximately $276,000.

Several other large investors have also recently added to or reduced their stakes in the business. WPG Advisers LLC bought a new stake in Cintas during the 1st quarter valued at $27,000. Saudi Central Bank acquired a new position in shares of Cintas during the first quarter valued at $29,000. Stone House Investment Management LLC bought a new stake in shares of Cintas during the first quarter valued at about $41,000. Resources Management Corp CT ADV acquired a new stake in Cintas in the first quarter worth about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Cintas by 646.4% in 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 buying an additional 181 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 622,712 shares in the company, valued at $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction that occurred 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 completion of the transaction, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by corporate insiders.

Cintas Trading Down 0.3%

Shares of NASDAQ:CTAS opened at $201.40 on Thursday. 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 capitalization of $81.16 billion, a price-to-earnings ratio of 45.67, a PEG ratio of 3.48 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 50 day moving average price of $216.65 and a 200 day moving average price of $212.81.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The firm's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.99 earnings per share. 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 fiscal year.

Cintas Increases Dividend

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

Wall Street Analyst Weigh In

CTAS has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. JPMorgan Chase & Co. initiated coverage on Cintas in a report on Monday, July 14th. They set an "overweight" rating and a $239.00 target price on the stock. The Goldman Sachs Group upped their target price on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, UBS Group lifted their price target on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, July 18th. One equities research 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's stock. According to data from MarketBeat, Cintas currently has a consensus 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.

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