Boston Trust Walden Corp Acquires 2,014 Shares of Cintas Corporation $CTAS

Key Points

• Boston Trust Walden Corp increased its holdings in Cintas Corporation by 137.6%, acquiring an additional 2,014 shares, bringing its total to 3,478 shares valued at $775,000.
• CEO Todd M. Schneider sold 17,301 shares of Cintas for approximately $3.82 million, while Director Martin Mucci acquired 1,200 shares, increasing his position significantly.
• Cintas recently declared a quarterly dividend of $0.45 per share, up from the previous $0.39, representing an annualized yield of 1.0%.

Boston Trust Walden Corp boosted its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 137.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,478 shares of the business services provider's stock after acquiring an additional 2,014 shares during the period. Boston Trust Walden Corp's holdings in Cintas were worth $775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Morningstar Investment Management LLC bought a new position in Cintas in the second quarter worth about $692,000. Axxcess Wealth Management LLC raised its holdings in Cintas by 7.6% in the second quarter. Axxcess Wealth Management LLC now owns 16,706 shares of the business services provider's stock worth $3,723,000 after purchasing an additional 1,173 shares in the last quarter. Jag Capital Management LLC bought a new position in Cintas in the second quarter worth about $6,774,000. Cornerstone Wealth Group LLC bought a new position in Cintas in the second quarter worth about $208,000. Finally, Kellett Wealth Advisors LLC raised its holdings in Cintas by 6.5% in the second quarter. Kellett Wealth Advisors LLC now owns 3,340 shares of the business services provider's stock worth $744,000 after purchasing an additional 204 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $220.90, for a total value of $3,821,790.90. Following the transaction, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martin Mucci purchased 1,200 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was acquired at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the acquisition, the director owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. 14.90% of the stock is owned by corporate insiders.

Cintas Stock Performance

CTAS opened at $187.45 on Thursday. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The company has a market cap of $75.33 billion, a P/E ratio of 42.51, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. The firm's 50-day moving average price is $206.16 and its 200-day moving average price is $212.69.

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 the consensus estimate of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company's revenue for the quarter 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, equities analysts anticipate 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. Investors of record on Friday, August 15th were issued a $0.45 dividend. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas's dividend payout ratio is currently 40.82%.

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of recent research reports. Citigroup boosted their target price on shares of Cintas from $172.00 to $176.00 and gave the stock a "sell" rating in a report on Friday, September 26th. The Goldman Sachs Group boosted their target price on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. reduced their target price on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. Robert W. Baird boosted their target price on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Finally, Wells Fargo & Company cut their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Cintas presently has a consensus rating of "Hold" and an average price target of $222.09.

Cintas Company 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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