Cintas Corporation $CTAS Position Boosted by Broadleaf Partners LLC

Key Points

• Broadleaf Partners LLC increased its stake in Cintas Corporation by 54.2%, owning 46,748 shares valued at approximately $9.6 million, making it the 14th largest position in their portfolio.
• Cintas reported a quarterly earnings per share (EPS) of $1.09, exceeding estimates, with quarterly revenue of $2.67 billion, which is an 8.0% increase year-over-year.
• The company recently announced a quarterly dividend increase to $0.45 per share, representing a yield of 0.8%, with a payout ratio of approximately 40.82%.

Broadleaf Partners LLC boosted its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 54.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,748 shares of the business services provider's stock after purchasing an additional 16,428 shares during the period. Cintas comprises 2.5% of Broadleaf Partners LLC's investment portfolio, making the stock its 14th biggest position. Broadleaf Partners LLC's holdings in Cintas were worth $9,608,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new stake in shares of Cintas in the 1st quarter worth about $41,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Cintas by 646.4% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock valued at $43,000 after purchasing an additional 181 shares in the last quarter. Washington Trust Advisors Inc. purchased a new position in shares of Cintas during the 1st quarter worth approximately $46,000. Greykasell Wealth Strategies Inc. acquired a new position in shares of Cintas during the 1st quarter worth approximately $46,000. Finally, Wellington Shields & Co. LLC purchased a new stake in Cintas in the 1st quarter valued at approximately $51,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Down 2.3%

Cintas stock traded down $4.88 during trading on Thursday, reaching $208.32. 2,324,363 shares of the company's stock were exchanged, compared to its average volume of 1,708,632. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The firm has a market cap of $83.95 billion, a price-to-earnings ratio of 47.24, a PEG ratio of 3.67 and a beta of 1.03. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. The company's 50-day moving average is $219.64 and its two-hundred day moving average is $212.76.

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

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be given a dividend of $0.45 per share. 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 0.9%. Cintas's dividend payout ratio is presently 40.82%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CTAS. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $196.00 to $221.00 in a research report on Tuesday, July 1st. Morgan Stanley lifted their price objective on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. assumed coverage on shares of Cintas in a research note on Monday, July 14th. They set an "overweight" rating and a $239.00 price target on the stock. UBS Group boosted their price objective on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, The Goldman Sachs Group raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $224.54.

Insider Activity

In other news, Director Ronald W. Tysoe sold 5,084 shares of the firm's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the completion of the sale, the director directly owned 21,945 shares in the company, valued at $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martin Mucci purchased 1,200 shares of Cintas stock in a transaction that occurred on Monday, July 21st. The stock was acquired 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 $583,303.55. The trade was a 84.45% increase in their position. The disclosure for this purchase can be found here. 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.