Annex Advisory Services LLC Has $22.80 Million Stock Position in Cintas Corporation $CTAS

Key Points

• Annex Advisory Services LLC increased its stake in Cintas Corporation by 8.1%, owning 102,290 shares valued at approximately $22.80 million.
• Multiple analysts have recently raised their price targets for Cintas, with Goldman Sachs increasing its target from $233 to $257 and Wells Fargo upgrading its rating to "equal weight."
• Cintas has declared a quarterly dividend of $0.45, up from the previous $0.39, representing an annualized yield of 0.9% and a payout ratio of 40.82%.

Annex Advisory Services LLC lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,290 shares of the business services provider's stock after buying an additional 7,651 shares during the quarter. Annex Advisory Services LLC's holdings in Cintas were worth $22,797,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CTAS. Brighton Jones LLC increased its stake 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 valued at $232,000 after acquiring an additional 108 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Cintas by 0.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock valued at $93,969,000 after purchasing an additional 3,504 shares during the period. Woodline Partners LP acquired a new position in Cintas during the fourth quarter valued at approximately $3,761,000. Focus Partners Advisor Solutions LLC increased its stake in Cintas by 28.8% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 4,031 shares of the business services provider's stock valued at $737,000 after purchasing an additional 901 shares in the last quarter. Finally, Vise Technologies Inc. raised its holdings in Cintas by 149.6% in the fourth quarter. Vise Technologies Inc. now owns 5,888 shares of the business services provider's stock worth $1,076,000 after purchasing an additional 3,529 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on CTAS shares. The Goldman Sachs Group lifted their target price on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. Robert W. Baird upped their price target on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. JPMorgan Chase & Co. initiated coverage on shares of Cintas in a research report on Monday, July 14th. They set an "overweight" rating and a $239.00 price objective for the company. Finally, Morgan Stanley raised their price objective 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $224.54.

Cintas Trading Up 0.3%

CTAS opened at $200.13 on Friday. The stock has a market cap of $80.65 billion, a PE ratio of 45.38, a price-to-earnings-growth ratio of 3.45 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. The company has a fifty day moving average of $214.38 and a 200-day moving average of $212.65. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24.

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 for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the prior year, the business earned $3.99 EPS. The firm's revenue for the quarter 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, sell-side analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

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

Insider Activity at Cintas

In other Cintas news, 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. This trade represents a 2.70% decrease in their ownership of the stock. The transaction 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 dated 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 owned 21,945 shares of the company's stock, valued at $4,904,049.15. The trade was a 18.81% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by company insiders.

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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