Caxton Associates LLP Buys New Shares in Cintas Corporation $CTAS

Key Points

• Caxton Associates LLP has acquired a new stake in Cintas Corporation, purchasing 11,059 shares valued at approximately $2,273,000 in the first quarter.
• Cintas recently announced a dividend increase to $0.45 per share, with the upcoming payment set for September 15th, up from the previous $0.39.
• A number of hedge funds increased their stakes in Cintas, with Brighton Jones LLC lifting its holding by 9.3% and Gotham Asset Management LLC by 26.9% in the last quarter.

Caxton Associates LLP bought a new stake in Cintas Corporation (NASDAQ:CTAS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,059 shares of the business services provider's stock, valued at approximately $2,273,000.

Several other hedge funds have also made changes to their positions in CTAS. Brighton Jones LLC lifted its stake in shares of Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock valued at $232,000 after buying an additional 108 shares during the period. Bank Pictet & Cie Europe AG lifted 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 valued at $93,969,000 after buying an additional 3,504 shares during the period. Cary Street Partners Financial LLC bought a new stake in shares of Cintas in the fourth quarter valued at about $128,000. Gotham Asset Management LLC lifted its stake in shares of Cintas by 26.9% in the fourth quarter. Gotham Asset Management LLC now owns 37,749 shares of the business services provider's stock valued at $6,897,000 after buying an additional 8,009 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Cintas by 29.9% in the fourth quarter. Janus Henderson Group PLC now owns 91,322 shares of the business services provider's stock valued at $16,683,000 after buying an additional 21,015 shares during the period. Institutional investors own 63.46% of the company's stock.

Cintas Stock Performance

NASDAQ CTAS opened at $202.78 on Tuesday. The firm has a market cap of $81.72 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 3.53 and a beta of 1.01. The company has a 50 day moving average of $217.38 and a 200-day moving average of $212.96. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24.

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

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas's dividend payout ratio (DPR) is 40.82%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CTAS. Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $196.00 to $221.00 in a research report on Tuesday, July 1st. The Goldman Sachs Group increased their price target on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. UBS Group increased their price target on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $240.00 price target on shares of Cintas in a research report on Thursday, August 21st. Finally, Morgan Stanley increased their price target on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. One 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $224.54.

Insider Transactions at Cintas

In other news, Director Martin Mucci acquired 1,200 shares of the company's stock in a transaction dated Monday, July 21st. The stock was bought at an average price of $222.55 per share, with a total value of $267,060.00. Following the completion of the acquisition, the director owned 2,621 shares in the company, valued at approximately $583,303.55. This represents a 84.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the sale, the chief executive officer directly owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.00% of the company's stock.

About Cintas

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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