Banco Bilbao Vizcaya Argentaria S.A. Purchases 2,653 Shares of Cintas Corporation $CTAS

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Cintas Corporation by 3.1%, owning 87,002 shares valued at approximately $17.88 million.
• Institutional investors and hedge funds hold a significant 63.46% of Cintas stock, with notable acquisitions from Nuveen LLC and GAMMA Investing LLC this quarter.
• Cintas Corporation declared a quarterly dividend increase to $0.45, marking a boost from the previous dividend of $0.39, signaling strong financial health.

Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,002 shares of the business services provider's stock after purchasing an additional 2,653 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Cintas were worth $17,882,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CTAS. Brighton Jones LLC raised its holdings in shares of Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after purchasing an additional 108 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Cintas by 0.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock valued at $93,969,000 after acquiring an additional 3,504 shares during the period. XTX Topco Ltd acquired a new stake in shares of Cintas during the fourth quarter valued at approximately $215,000. Canada Pension Plan Investment Board raised its holdings in shares of Cintas by 66.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 22,048 shares of the business services provider's stock valued at $4,028,000 after acquiring an additional 8,827 shares during the period. Finally, MML Investors Services LLC raised its holdings in shares of Cintas by 12.1% during the fourth quarter. MML Investors Services LLC now owns 55,737 shares of the business services provider's stock valued at $10,183,000 after acquiring an additional 6,024 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Down 0.2%

Cintas stock traded down $0.52 during trading hours on Friday, hitting $215.59. The company had a trading volume of 1,448,772 shares, compared to its average volume of 1,356,395. The firm has a market capitalization of $86.88 billion, a P/E ratio of 48.89, a price-to-earnings-growth ratio of 3.72 and a beta of 1.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. The firm's fifty day moving average is $220.16 and its 200-day moving average is $212.63. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.67 billion for 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%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be given a $0.45 dividend. This is a positive change from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 15th. Cintas's payout ratio is presently 40.82%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. UBS Group boosted their price target on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, July 18th. Redburn Atlantic lowered shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target on the stock. in a report on Thursday, May 1st. Royal Bank Of Canada restated a "sector perform" rating and set a $240.00 price target on shares of Cintas in a report on Thursday. Finally, JPMorgan Chase & Co. began coverage on shares of Cintas in a report on Monday, July 14th. They set an "overweight" rating and a $239.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Cintas currently has a consensus rating of "Hold" and a consensus price target of $224.54.

Insiders Place Their Bets

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

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.