Belpointe Asset Management LLC Raises Stock Holdings in Cintas Corporation $CTAS

Key Points

• Belpointe Asset Management LLC significantly increased its holdings in Cintas Corporation by 290.2%, acquiring 1,744 shares during the first quarter, raising the total to 2,345 shares valued at approximately $482,000.
• Cintas recently announced a quarterly dividend of $0.45, an increase from the previous dividend of $0.39, reflecting a commitment to returning value to shareholders.
• Analysts have mixed opinions on Cintas, with a current consensus rating of "Hold" and various target prices ranging from $221.00 to $255.00 following recent evaluations.

Belpointe Asset Management LLC grew its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 290.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,345 shares of the business services provider's stock after acquiring an additional 1,744 shares during the quarter. Belpointe Asset Management LLC's holdings in Cintas were worth $482,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CTAS. Brighton Jones LLC raised its stake in shares of Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after acquiring an additional 108 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Cintas by 0.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock worth $93,969,000 after buying an additional 3,504 shares during the period. Royal Bank of Canada increased its stake in shares of Cintas by 3.3% in the fourth quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider's stock worth $667,919,000 after buying an additional 115,268 shares during the period. State of Wyoming increased its stake in shares of Cintas by 912.2% in the fourth quarter. State of Wyoming now owns 1,822 shares of the business services provider's stock worth $333,000 after buying an additional 1,642 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of Cintas by 418.3% in the fourth quarter. Tidal Investments LLC now owns 152,865 shares of the business services provider's stock worth $27,928,000 after buying an additional 123,373 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Down 0.2%

Shares of CTAS stock traded down $0.42 during mid-day trading on Tuesday, reaching $199.29. 1,983,762 shares of the company's stock traded hands, compared to its average volume of 1,722,237. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The company has a market cap of $80.31 billion, a P/E ratio of 45.19, a P/E/G ratio of 3.49 and a beta of 1.01. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52. The company's 50-day moving average price is $215.68 and its 200-day moving average price is $212.86.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The firm had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.63 billion. During the same quarter in the previous year, the business posted $3.99 EPS. The company's quarterly revenue 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, equities analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. This is a boost from Cintas's previous quarterly dividend of $0.39. Cintas's payout ratio is presently 40.82%.

Wall Street Analyst Weigh In

CTAS has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed 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 price target on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Morgan Stanley lifted 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. Robert W. Baird lifted their price target on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. began coverage on shares of Cintas in a report on Monday, July 14th. They issued an "overweight" rating and a $239.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $224.54.

Insider Transactions at Cintas

In other 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 transaction, the director owned 21,945 shares of the company's stock, valued at $4,904,049.15. The trade was a 18.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin Mucci purchased 1,200 shares of the stock in a transaction dated Monday, July 21st. The stock was bought at an average cost of $222.55 per share, with a total value of $267,060.00. Following the transaction, the director owned 2,621 shares in the company, valued at $583,303.55. The trade was 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 owned by insiders.

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.