ASR Vermogensbeheer N.V. Grows Stock Position in Cintas Corporation $CTAS

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Cintas Corporation by 46.4% during the second quarter, totaling 12,681 shares valued at $2.83 million.
• Cintas reported earnings of $1.20 per share for the last quarter, surpassing analyst estimates and representing an 8.7% revenue growth year-over-year.
• The company recently raised its quarterly dividend from $0.39 to $0.45 per share, indicating continued financial health with a dividend yield of 0.9%.

ASR Vermogensbeheer N.V. lifted its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 46.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,681 shares of the business services provider's stock after purchasing an additional 4,019 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Cintas were worth $2,826,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. WPG Advisers LLC acquired a new position in Cintas during the first quarter worth $27,000. Saudi Central Bank acquired a new position in Cintas during the first quarter worth $29,000. Stone House Investment Management LLC acquired a new position in Cintas during the first quarter worth $41,000. Resources Management Corp CT ADV acquired a new position in Cintas during the first quarter worth $41,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings 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 acquiring an additional 181 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Stock Down 0.1%

CTAS opened at $202.61 on Friday. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The firm has a market cap of $81.65 billion, a P/E ratio of 45.94, a PEG ratio of 3.50 and a beta of 1.01. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The business's fifty day simple moving average is $211.00 and its 200 day simple moving average is $212.99.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.01. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, equities research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

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

Insider Activity at Cintas

In related news, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction on 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 $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction on Monday, July 28th. The shares were 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 approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CTAS shares. Citigroup upped their price objective on Cintas from $172.00 to $176.00 and gave the stock a "sell" rating in a report on Friday, September 26th. Morgan Stanley upped their price objective on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Robert W. Baird upped their price objective on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. UBS Group raised their price target on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Cintas in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $222.09.

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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