Bank of New Hampshire Boosts Stock Position in Cintas Corporation $CTAS

Key Points

• Bank of New Hampshire increased its holdings in Cintas Corporation by 173.8%, acquiring 4,821 shares during the 2nd quarter, bringing its total to 7,595 shares valued at approximately $1.69 million.
• Cintas recently declared a quarterly dividend of $0.45 per share, up from the previous $0.39, reflecting a 0.9% yield and a payout ratio of 40.82%.
• The company's latest earnings report showed a net margin of 17.53% and revenue of $2.67 billion, exceeding analysts' expectations by 8.0% year-over-year.

Bank of New Hampshire lifted its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 173.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,595 shares of the business services provider's stock after buying an additional 4,821 shares during the period. Bank of New Hampshire's holdings in Cintas were worth $1,693,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CTAS. WPG Advisers LLC bought a new stake in shares of Cintas in the first quarter valued at $27,000. Saudi Central Bank purchased a new stake in shares of Cintas during the first quarter worth $29,000. Stone House Investment Management LLC purchased a new stake in shares of Cintas during the first quarter worth $41,000. Resources Management Corp CT ADV purchased a new stake in shares of Cintas during the first quarter worth $41,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its position in shares of 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 in the last quarter. Institutional investors own 63.46% of the company's stock.

Cintas Price Performance

NASDAQ CTAS traded up $0.62 during trading hours on Friday, reaching $200.13. 4,117,048 shares of the stock traded hands, compared to its average volume of 1,737,642. The stock has a 50 day simple moving average of $214.68 and a two-hundred day simple moving average of $212.63. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. 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 company 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.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results 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. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter last year, the business posted $3.99 earnings per share. The company'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. On average, analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given a dividend of $0.45 per share. The ex-dividend date was Friday, August 15th. 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 0.9%. Cintas's dividend payout ratio (DPR) is currently 40.82%.

Insider Buying and Selling at Cintas

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the business's stock in a transaction on 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 represents a 84.45% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction dated 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 sale, the chief executive officer owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $240.00 price target on shares of Cintas in a research report on Thursday, August 21st. JPMorgan Chase & Co. began coverage on Cintas in a report on Monday, July 14th. They set an "overweight" rating and a $239.00 price objective for the company. UBS Group boosted their price target 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, Robert W. Baird raised their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $224.54.

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.