Cintas Corporation $CTAS Shares Purchased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Cintas Corporation by 35.8% during the first quarter, owning a total of 886,577 shares valued at approximately $182.2 million.
• Cintas recently reported earnings of $1.09 per share, exceeding expectations, with revenues reaching $2.67 billion, marking an 8% increase year-over-year.
• The company has announced a quarterly dividend increase to $0.45 per share, reflecting a positive move from the previous payout and with a projected annual yield of 0.8%.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 35.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 886,577 shares of the business services provider's stock after buying an additional 233,644 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.22% of Cintas worth $182,176,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Stone House Investment Management LLC purchased a new stake in Cintas during the first quarter worth approximately $41,000. E Fund Management Hong Kong Co. Ltd. lifted its stake 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 purchasing an additional 181 shares during the last quarter. Washington Trust Advisors Inc. purchased a new stake in Cintas during the first quarter worth approximately $46,000. Greykasell Wealth Strategies Inc. purchased a new stake in Cintas during the first quarter worth approximately $46,000. Finally, Wellington Shields & Co. LLC purchased a new stake in Cintas during the first quarter worth approximately $51,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Royal Bank Of Canada restated a "sector perform" rating and set a $240.00 target price on shares of Cintas in a research note on Thursday. JPMorgan Chase & Co. assumed coverage on Cintas in a research note on Monday, July 14th. They set an "overweight" rating and a $239.00 target price for the company. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $196.00 to $221.00 in a research note on Tuesday, July 1st. Finally, Robert W. Baird lifted their price target on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $224.54.

Cintas Stock Performance

CTAS traded down $0.52 during trading on Friday, hitting $215.59. 1,448,706 shares of the stock were exchanged, compared to its average volume of 1,680,098. The firm has a market capitalization of $86.88 billion, a P/E ratio of 48.89, a PEG ratio of 3.74 and a beta of 1.03. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24. The stock has a fifty day moving average price of $220.29 and a two-hundred day moving average price of $212.45. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The firm's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, sell-side analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, August 15th. 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 0.8%. Cintas's dividend payout ratio is presently 40.82%.

Insider Activity

In other news, 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 value of $1,136,121.48. Following the transaction, the director 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Martin Mucci bought 1,200 shares of the company's stock in a transaction dated Monday, July 21st. The stock was bought at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the acquisition, the director owned 2,621 shares of the company's stock, valued at approximately $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 15.00% of the company's stock.

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.