Cintas Corporation $CTAS Position Raised by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets has increased its stake in Cintas Corporation by 25.5%, acquiring an additional 160,820 shares to own a total of 791,197 shares valued at approximately $162.6 million.
• Cintas reported a quarterly earnings EPS of $1.09, exceeding expectations, with revenues of $2.67 billion reflecting an 8% year-over-year growth.
• The company has recently increased its quarterly dividend from $0.39 to $0.45, with a yield of 0.9%, demonstrating their commitment to returning value to shareholders.

BNP Paribas Financial Markets grew its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 25.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 791,197 shares of the business services provider's stock after acquiring an additional 160,820 shares during the period. BNP Paribas Financial Markets owned about 0.20% of Cintas worth $162,615,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings in Cintas by 9.3% during 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 during the last quarter. Bank Pictet & Cie Europe AG grew its position 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 worth $93,969,000 after buying an additional 3,504 shares in the last quarter. Lido Advisors LLC grew its stake in Cintas by 3.9% in the fourth quarter. Lido Advisors LLC now owns 17,811 shares of the business services provider's stock worth $3,254,000 after purchasing an additional 673 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in Cintas by 71.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 9,750 shares of the business services provider's stock valued at $1,781,000 after buying an additional 4,078 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in Cintas during the fourth quarter valued at approximately $492,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several research reports. The Goldman Sachs Group lifted their target price on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $240.00 price objective on shares of Cintas in a report on Thursday, August 21st. UBS Group increased their target price on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, July 18th. JPMorgan Chase & Co. began coverage on shares of Cintas in a research report on Monday, July 14th. They issued an "overweight" rating and a $239.00 price target on the stock. Finally, Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $196.00 to $221.00 in a research report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $224.54.

Cintas Stock Performance

Shares of CTAS stock traded up $1.71 during trading hours on Monday, reaching $210.03. The stock had a trading volume of 1,768,762 shares, compared to its average volume of 1,713,109. The firm has a market capitalization of $84.64 billion, a PE ratio of 47.63, a price-to-earnings-growth ratio of 3.62 and a beta of 1.01. The firm has a 50-day simple moving average of $219.22 and a 200-day simple moving average of $212.93. Cintas Corporation has a twelve month low of $180.78 and a twelve month 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.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share (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 during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the business posted $3.99 EPS. Cintas's revenue was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, equities 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. Investors of record on Friday, August 15th will be given a $0.45 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 0.9%. This is an increase from Cintas's previous quarterly dividend of $0.39. Cintas's payout ratio is 40.82%.

Insider Buying and Selling at Cintas

In other news, CEO Todd M. Schneider sold 17,301 shares of the firm's stock in a transaction 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 transaction, the chief executive officer directly owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Martin Mucci acquired 1,200 shares of Cintas stock in a transaction that occurred on 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 acquisition, the director directly owned 2,621 shares of the company's stock, valued at approximately $583,303.55. This trade represents 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 company 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.