AQR Capital Management LLC Has $150.92 Million Holdings in Cintas Corporation $CTAS

Key Points

• AQR Capital Management LLC increased its stake in Cintas Corporation by 20.0%, owning 738,655 shares valued at approximately $150.92 million.
• Cintas Corporation announced a quarterly dividend of $0.45 per share, raising its annualized dividend to $1.80, with a dividend yield of 0.9%.
• Analysts have given Cintas a mixed outlook, with ratings ranging from Strong Buy to Sell, and an average price target of $224.54.

AQR Capital Management LLC boosted its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 20.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 738,655 shares of the business services provider's stock after purchasing an additional 122,873 shares during the period. AQR Capital Management LLC owned about 0.18% of Cintas worth $150,922,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Pinnacle Wealth Management Advisory Group LLC grew its position in Cintas by 3.9% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider's stock worth $258,000 after acquiring an additional 47 shares in the last quarter. Oarsman Capital Inc. boosted its holdings in shares of Cintas by 3.9% during the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider's stock worth $272,000 after buying an additional 49 shares during the period. MJP Associates Inc. ADV boosted its holdings in shares of Cintas by 2.1% during the 4th quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider's stock worth $441,000 after buying an additional 50 shares during the period. Truvestments Capital LLC boosted its holdings in shares of Cintas by 17.4% during the 1st quarter. Truvestments Capital LLC now owns 338 shares of the business services provider's stock worth $69,000 after buying an additional 50 shares during the period. Finally, Kathmere Capital Management LLC raised its stake in Cintas by 4.1% during the 1st quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider's stock valued at $266,000 after purchasing an additional 51 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

Shares of CTAS stock opened at $205.61 on Thursday. 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 company has a market capitalization of $82.86 billion, a P/E ratio of 46.62, a price-to-earnings-growth ratio of 3.62 and a beta of 1.01. The company's 50 day moving average price is $218.38 and its two-hundred day moving average price is $212.87. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24.

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

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 0.9%. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date is Friday, August 15th. Cintas's dividend payout ratio is 40.82%.

Insider Activity

In other news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction that occurred 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 directly owned 21,945 shares in the company, valued at $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction that occurred 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 sale, the chief executive officer owned 622,712 shares in the company, valued at $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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of analyst reports. Royal Bank Of Canada reissued a "sector perform" rating and issued a $240.00 target price on shares of Cintas in a research note on Thursday, August 21st. 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 research report on Friday, July 18th. JPMorgan Chase & Co. began coverage on shares of Cintas in a research report on Monday, July 14th. They set an "overweight" rating and a $239.00 target price for the company. Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Finally, 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. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $224.54.

Cintas 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.