Blair William & Co. IL Purchases 15,972 Shares of Cintas Corporation $CTAS

Key Points

• Blair William & Co. IL increased its stake in Cintas Corporation by 1.6%, acquiring an additional 15,972 shares, bringing its total holdings to over 1 million shares valued at approximately $226 million.
• Cintas Corporation reported earnings of $1.20 per share for the latest quarter, exceeding analyst expectations, and plans a dividend increase to $0.45, reflecting a commitment to returning value to shareholders.
• Analyst ratings for Cintas show a mix of opinions, with one "Strong Buy," six "Buy," four "Hold," and two "Sell," alongside a price target range that varies from $218 to $257.

Blair William & Co. IL lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,014,575 shares of the business services provider's stock after buying an additional 15,972 shares during the quarter. Blair William & Co. IL owned about 0.25% of Cintas worth $226,118,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. WPG Advisers LLC acquired a new stake in shares of Cintas during the first quarter worth $27,000. Saudi Central Bank bought a new position in Cintas during the first quarter worth about $29,000. Stone House Investment Management LLC acquired a new position in shares of Cintas during the 1st quarter worth about $41,000. Resources Management Corp CT ADV bought a new stake in shares of Cintas in the 1st quarter valued at about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in shares of Cintas by 646.4% in 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 during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTAS has been the subject of several research analyst reports. Robert W. Baird boosted 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. Weiss Ratings reissued a "buy (b)" rating on shares of Cintas in a research note on Wednesday. Morgan Stanley raised their price target on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. The Goldman Sachs Group boosted their price objective on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company dropped their target price on shares of Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Cintas currently has a consensus rating of "Hold" and a consensus target price of $222.09.

Cintas Trading Down 0.2%

NASDAQ:CTAS opened at $198.81 on Thursday. The company has a market cap of $80.12 billion, a P/E ratio of 45.08, a price-to-earnings-growth ratio of 3.44 and a beta of 1.01. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The business has a 50 day moving average price of $209.62 and a two-hundred day moving average price of $213.09. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the company earned $1.10 earnings per share. The firm's revenue was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

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

Insider Buying and Selling

In other news, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was 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 in the company, valued at $137,557,080.80. This represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were 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 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 disclosure for this sale can be found here. 14.90% of the stock is currently owned by corporate 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.

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