13,761 Shares in Cintas Corporation $CTAS Bought by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs purchased 13,761 shares of Cintas Corporation (CTAS) valued at approximately $3.1 million in the first quarter, as revealed in a recent SEC filing.
• Cintas reported a quarterly earnings per share (EPS) of $1.09, surpassing analysts' expectations and reflecting an 8% revenue increase compared to the previous year.
• The company recently declared a quarterly dividend of $0.45 per share, an increase from last quarter's dividend, with a dividend yield of 0.9%.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in Cintas Corporation (NASDAQ:CTAS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,761 shares of the business services provider's stock, valued at approximately $3,117,000.

Several other institutional investors have also made changes to their positions in CTAS. Nuveen LLC bought a new stake in shares of Cintas in the first quarter valued at approximately $1,877,760,000. GAMMA Investing LLC boosted its stake in shares of Cintas by 19,644.3% in the first quarter. GAMMA Investing LLC now owns 2,263,091 shares of the business services provider's stock valued at $465,133,000 after buying an additional 2,251,629 shares during the period. Voya Investment Management LLC boosted its stake in shares of Cintas by 516.8% in the first quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider's stock valued at $175,529,000 after buying an additional 715,570 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Cintas by 169.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider's stock valued at $187,235,000 after buying an additional 573,151 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Cintas by 1.3% in the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock valued at $7,781,223,000 after buying an additional 491,307 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

Shares of NASDAQ:CTAS traded up $0.48 during trading on Thursday, hitting $200.46. 621,852 shares of the company were exchanged, compared to its average volume of 1,717,582. The business's 50 day moving average is $215.02 and its 200-day moving average is $212.68. The company has a market capitalization of $80.78 billion, a P/E ratio of 45.47, a price-to-earnings-growth ratio of 3.44 and a beta of 1.01. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Equities analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. 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 currently 40.82%.

Insider Transactions at Cintas

In related news, Director Ronald W. Tysoe sold 5,084 shares of the business's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the sale, the director owned 21,945 shares of the company's stock, valued at $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Martin Mucci acquired 1,200 shares of Cintas stock in a transaction that occurred on Monday, July 21st. The stock was acquired at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the purchase, the director owned 2,621 shares of the company's stock, valued at $583,303.55. The trade was a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 15.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. 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 research note on Wednesday, July 2nd. Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $196.00 to $221.00 in a research report on Tuesday, July 1st. UBS Group boosted their price objective on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Robert W. Baird boosted their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Finally, Morgan Stanley boosted their price objective on shares of Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price 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.