Cintas Corporation $CTAS Position Increased by Swedbank AB

Key Points

• Swedbank AB increased its stake in Cintas Corporation by 2.2%, owning 226,176 shares valued at approximately $50.4 million at the end of the last quarter.
• Cintas reported a quarterly earnings per share (EPS) of $1.09, exceeding estimates, with revenues increasing by 8% year-over-year to $2.67 billion.
• The company declared a new quarterly dividend of $0.45, marking an increase from the prior dividend of $0.39, resulting in an annualized yield of 0.9%.

Swedbank AB raised its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 2.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 226,176 shares of the business services provider's stock after buying an additional 4,840 shares during the quarter. Swedbank AB owned 0.06% of Cintas worth $50,408,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Cintas by 1.3% during the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock valued at $7,781,223,000 after buying an additional 491,307 shares in the last quarter. Nuveen LLC purchased a new stake in Cintas during the first quarter valued at about $1,877,760,000. Northern Trust Corp lifted its stake in Cintas by 0.7% during the first quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider's stock valued at $841,749,000 after buying an additional 28,469 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Cintas by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider's stock valued at $591,373,000 after buying an additional 59,162 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Cintas by 17.4% during the first quarter. Ameriprise Financial Inc. now owns 2,615,330 shares of the business services provider's stock valued at $538,303,000 after buying an additional 386,721 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Down 0.2%

Shares of CTAS stock opened at $199.51 on Friday. The stock has a market cap of $80.40 billion, a P/E ratio of 45.24, a price-to-earnings-growth ratio of 3.45 and a beta of 1.01. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The stock has a fifty day moving average price of $214.68 and a 200 day moving average price of $212.63. 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 released its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%.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 prior year, the company posted $3.99 earnings per share. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The company 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 positive change from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, August 15th. Cintas's dividend payout ratio (DPR) is 40.82%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CTAS. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $240.00 target price on shares of Cintas in a report on Thursday, August 21st. JPMorgan Chase & Co. began coverage on Cintas in a report on Monday, July 14th. They issued an "overweight" rating and a $239.00 target price on the stock. Robert W. Baird upped their target price on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. Finally, UBS Group upped their target price on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, July 18th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $224.54.

Insiders Place Their Bets

In other Cintas 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 transaction, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was 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 trade 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.

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.

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