AlphaQuest LLC Has $2.25 Million Position in Cintas Corporation $CTAS

Key Points

• AlphaQuest LLC increased its stake in Cintas Corporation by 84.7%, owning 10,071 shares valued at approximately $2.25 million as of the end of the 2nd quarter.
• Cintas reported earnings of $1.20 per share for the most recent quarter, slightly exceeding estimates, with revenue rising 8.7% year-over-year to $2.72 billion.
• The company recently declared a quarterly dividend of $0.45, an increase from the previous $0.39, resulting in an annualized yield of 0.9%.

AlphaQuest LLC increased its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 84.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,071 shares of the business services provider's stock after buying an additional 4,617 shares during the period. AlphaQuest LLC's holdings in Cintas were worth $2,245,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CTAS. Brighton Jones LLC lifted its position in shares of Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after purchasing an additional 108 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Cintas by 18.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,483 shares of the business services provider's stock worth $7,910,000 after buying an additional 5,989 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Cintas by 11.3% during the first quarter. Oppenheimer & Co. Inc. now owns 16,739 shares of the business services provider's stock worth $3,440,000 after buying an additional 1,699 shares during the last quarter. Legacy Advisors LLC acquired a new position in Cintas during the first quarter worth $211,000. Finally, Global Assets Advisory LLC acquired a new position in Cintas during the first quarter worth $462,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Down 0.5%

Shares of NASDAQ CTAS opened at $191.31 on Friday. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The firm's 50 day simple moving average is $202.23 and its two-hundred day simple moving average is $212.27. The stock has a market capitalization of $76.88 billion, a P/E ratio of 43.35, a PEG ratio of 3.34 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The firm had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter last year, the business earned $1.10 earnings per share. The business's revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal 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 paid a $0.45 dividend. 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 dividend on an annualized basis and a yield of 0.9%. Cintas's payout ratio is 40.82%.

Analyst Upgrades and Downgrades

CTAS has been the subject of several recent analyst reports. Royal Bank Of Canada reduced their target price on shares of Cintas from $240.00 to $206.00 and set a "sector perform" rating for the company in a research note on Thursday, September 25th. The Goldman Sachs Group increased their price target 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. Robert W. Baird increased their price target 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. Morgan Stanley upped their price objective on shares of Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $222.09.

Insiders Place Their Bets

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

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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