Balefire LLC Makes New $559,000 Investment in Cintas Corporation $CTAS

Key Points

• Balefire LLC has acquired a new stake in Cintas Corporation, purchasing 2,509 shares valued at approximately $559,000 during the second quarter.
• Cintas recently reported earnings of $1.09 per share for the quarter, exceeding analysts' expectations, and has projected a FY 2026 EPS guidance of 4.710-4.85.
• The company has increased its quarterly dividend from $0.39 to $0.45 per share, reflecting a 0.9% dividend yield with a payout ratio of 40.82%.

Balefire LLC bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,509 shares of the business services provider's stock, valued at approximately $559,000.

Several other institutional investors have also recently bought and sold shares of CTAS. WPG Advisers LLC purchased a new stake in shares of Cintas in the first quarter valued at about $27,000. Saudi Central Bank purchased a new stake in shares of Cintas in the first quarter valued at about $29,000. Stone House Investment Management LLC purchased a new stake in Cintas during the first quarter worth about $41,000. Resources Management Corp CT ADV purchased a new stake in Cintas during the first quarter worth about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. increased 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 buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Insider Buying and Selling at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the business's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the transaction, the director directly owned 21,945 shares of the company's stock, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin Mucci bought 1,200 shares of Cintas stock in a transaction dated Monday, July 21st. The stock was acquired at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the transaction, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 15.00% of the company's stock.

Cintas Price Performance

Cintas stock traded up $0.62 during mid-day trading on Friday, hitting $200.13. 4,117,133 shares of the company traded hands, compared to its average volume of 1,738,548. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The stock has a market cap of $80.65 billion, a price-to-earnings ratio of 45.38, a price-to-earnings-growth ratio of 3.45 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. The stock has a fifty day moving average price of $214.68 and a 200-day moving average price of $212.63.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results 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 analyst estimates of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. Cintas's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, equities analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $240.00 target price on shares of Cintas in a research note on Thursday, August 21st. The Goldman Sachs Group lifted their target price on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. UBS Group lifted their target price on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Cintas in a research report on Monday, July 14th. They issued an "overweight" rating and a $239.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus 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.