Cintas Corporation $CTAS Shares Bought by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC increased its stake in Cintas Corporation by 9.6%, owning 99,276 shares worth approximately $20.4 million after purchasing an additional 8,701 shares in Q1.
• Cintas recently declared a quarterly dividend increase from $0.39 to $0.45 per share, with an annualized yield of 0.8% and a payout ratio of 40.82%.
• In its most recent quarterly earnings report, Cintas reported an EPS of $1.09, exceeding analysts' expectations, and a revenue growth of 8.0% year-over-year.

Aptus Capital Advisors LLC raised its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,276 shares of the business services provider's stock after buying an additional 8,701 shares during the quarter. Aptus Capital Advisors LLC's holdings in Cintas were worth $20,404,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in Cintas during the first quarter worth about $41,000. E Fund Management Hong Kong Co. Ltd. increased its position in Cintas by 646.4% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock worth $43,000 after purchasing an additional 181 shares during the last quarter. Washington Trust Advisors Inc. purchased a new position in shares of Cintas during the 1st quarter worth $46,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Cintas during the 1st quarter worth $46,000. Finally, Wellington Shields & Co. LLC purchased a new position in shares of Cintas during the 1st quarter worth $51,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Down 0.2%

Shares of CTAS traded down $0.52 during midday trading on Friday, hitting $215.59. The company had a trading volume of 1,448,696 shares, compared to its average volume of 1,680,096. The company's 50-day simple moving average is $220.29 and its 200-day simple moving average is $212.45. 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 firm has a market capitalization of $86.88 billion, a P/E ratio of 48.89, a P/E/G ratio of 3.74 and a beta of 1.03. 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 data 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 business had revenue of $2.67 billion during 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 business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, sell-side analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

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

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of the firm's 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 sale, the director owned 21,945 shares of the company's stock, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the firm's stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. Corporate insiders own 15.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. UBS Group increased their price target on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Robert W. Baird increased their price target on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. The Goldman Sachs Group boosted their target price on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. began coverage on Cintas in a research report on Monday, July 14th. They issued an "overweight" rating and a $239.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Cintas currently has a consensus rating of "Hold" and an average 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.