Baird Financial Group Inc. Purchases 10,151 Shares of Cintas Corporation $CTAS

Key Points

• Baird Financial Group Inc. increased its stake in Cintas Corporation by 10.9%, purchasing an additional 10,151 shares worth roughly $21.2 million at the end of the most recent quarter.
• Cintas reported earnings of $1.09 per share, surpassing analyst expectations of $1.07, with quarterly revenue growing by 8.0% year-over-year to $2.67 billion.
• The company announced a quarterly dividend increase to $0.45, up from $0.39, with a payout ratio of 40.82%.

Baird Financial Group Inc. increased its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 10.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,222 shares of the business services provider's stock after purchasing an additional 10,151 shares during the period. Baird Financial Group Inc.'s holdings in Cintas were worth $21,215,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CTAS. WPG Advisers LLC bought a new position in Cintas during the 1st quarter valued at $27,000. Stone House Investment Management LLC bought a new position in Cintas during the 1st quarter valued at $41,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Cintas by 646.4% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock valued at $43,000 after acquiring an additional 181 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in Cintas during the 1st quarter valued at $46,000. Finally, Greykasell Wealth Strategies Inc. bought a new position in Cintas during the 1st quarter valued at $46,000. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 0.8%

Shares of CTAS opened at $210.03 on Tuesday. The business has a 50-day moving average of $219.00 and a 200 day moving average of $212.97. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The firm has a market cap of $84.64 billion, a P/E ratio of 47.63, a price-to-earnings-growth ratio of 3.62 and a beta of 1.01. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09.

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 for the quarter, topping the consensus estimate of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same quarter last year, the firm posted $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. As a group, research analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be issued a $0.45 dividend. This is an increase 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 yield of 0.9%. Cintas's payout ratio is 40.82%.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several recent analyst reports. Robert W. Baird raised their price objective on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. The Goldman Sachs Group raised their price objective on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company raised 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 report on Tuesday, July 1st. UBS Group raised their target price on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. assumed coverage on Cintas in a research report on Monday, July 14th. They set an "overweight" rating and a $239.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Cintas currently has an average rating of "Hold" and a consensus target price of $224.54.

Insider Buying and Selling

In related news, 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 value of $1,136,121.48. Following the completion of 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 SEC, which can be accessed through this hyperlink. Also, Director Martin Mucci bought 1,200 shares of Cintas stock in a transaction on Monday, July 21st. The shares were bought at an average cost of $222.55 per share, with a total value of $267,060.00. Following the acquisition, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.00% of the stock is currently owned by 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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