AlphaQuest LLC Acquires 2,042 Shares of Cintas Corporation $CTAS

Key Points

• AlphaQuest LLC increased its holdings in Cintas Corporation by 59.8% in the first quarter, acquiring an additional 2,042 shares for a total of $1,121,000 in value.
• Cintas has announced a new quarterly dividend of $0.45 per share, up from $0.39, with a payout ratio of 40.82%, reflecting a 0.8% annualized yield.
• In recent analyst activity, UBS Group raised its target price on Cintas shares from $240.00 to $255.00, maintaining a "buy" rating, while Redburn Atlantic downgraded it to a "sell" rating.

AlphaQuest LLC lifted its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 59.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,454 shares of the business services provider's stock after purchasing an additional 2,042 shares during the period. AlphaQuest LLC's holdings in Cintas were worth $1,121,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Stone House Investment Management LLC purchased a new stake in Cintas in the 1st quarter worth approximately $41,000. E Fund Management Hong Kong Co. Ltd. increased its holdings 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 worth $43,000 after acquiring an additional 181 shares in the last quarter. Washington Trust Advisors Inc. purchased a new stake in Cintas in the 1st quarter worth approximately $46,000. Greykasell Wealth Strategies Inc. purchased a new stake in Cintas in the 1st quarter worth approximately $46,000. Finally, Wellington Shields & Co. LLC purchased a new stake in Cintas in the 1st quarter worth approximately $51,000. Institutional investors own 63.46% of the company's stock.

Insider Activity at Cintas

In other Cintas news, Director Martin Mucci bought 1,200 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was purchased at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the acquisition, the director owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the firm's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the transaction, the chief executive officer directly owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. This trade represents a 2.70% 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 insiders.

Cintas Trading Down 0.2%

Shares of CTAS opened at $215.59 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The company has a 50 day simple moving average of $220.16 and a two-hundred day simple moving average of $212.63. The firm has a market cap of $86.88 billion, a P/E ratio of 48.89, a price-to-earnings-growth ratio of 3.72 and a beta of 1.03.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period last year, the firm posted $3.99 EPS. The company's revenue was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, equities analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, August 15th. Cintas's payout ratio is 40.82%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Redburn Atlantic lowered shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price for the company. in a report on Thursday, May 1st. Morgan Stanley increased their target price on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. started coverage on shares of Cintas in a report on Monday, July 14th. They issued an "overweight" rating and a $239.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Cintas presently has a consensus 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.

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