Axiom Investors LLC DE Acquires 147,851 Shares of Cintas Corporation $CTAS

Key Points

• Axiom Investors LLC DE increased its stake in Cintas Corporation by 16.2% during the first quarter, now owning approximately 1,058,843 shares valued at $217.6 million.
• Cintas reported quarterly earnings of $1.09 per share, exceeding analysts' estimates, with revenue reaching $2.67 billion.
• The company recently declared a quarterly dividend of $0.45 per share, reflecting an increase from the previous dividend of $0.39, with an annualized yield of 0.9%.

Axiom Investors LLC DE increased its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 16.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,058,843 shares of the business services provider's stock after purchasing an additional 147,851 shares during the quarter. Cintas accounts for approximately 2.0% of Axiom Investors LLC DE's investment portfolio, making the stock its 19th largest position. Axiom Investors LLC DE owned 0.26% of Cintas worth $217,624,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Cintas by 1.3% during the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock worth $7,781,223,000 after purchasing an additional 491,307 shares during the period. Nuveen LLC acquired a new stake in shares of Cintas in the 1st quarter valued at $1,877,760,000. Northern Trust Corp boosted its holdings in shares of Cintas by 0.7% in the 1st quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider's stock valued at $841,749,000 after purchasing an additional 28,469 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Cintas by 3.3% in the 4th quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider's stock valued at $667,919,000 after purchasing an additional 115,268 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Cintas by 11.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,818,147 shares of the business services provider's stock valued at $514,875,000 after purchasing an additional 295,226 shares in the last quarter. Institutional investors own 63.46% of the company's stock.

Cintas Trading Down 0.3%

NASDAQ CTAS traded down $0.67 on Wednesday, reaching $201.40. The company had a trading volume of 2,003,484 shares, compared to its average volume of 1,721,251. The firm has a market cap of $81.16 billion, a price-to-earnings ratio of 45.67, a P/E/G ratio of 3.50 and a beta of 1.01. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The business has a 50 day moving average of $216.93 and a two-hundred day moving average of $212.89. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.02. The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%.Cintas's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The business also recently disclosed 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 positive change 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 0.9%. Cintas's payout ratio is 40.82%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group increased their price target on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Robert W. Baird increased their price target on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $240.00 price objective on shares of Cintas in a report on Thursday, August 21st. Finally, UBS Group raised their price objective on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, July 18th. One investment 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 data from MarketBeat.com, Cintas has an average rating of "Hold" and an average price target of $224.54.

Insider Transactions at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction 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 transaction, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the company's 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 transaction, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

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.