Cintas Corporation $CTAS Stock Position Increased by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its holdings in Cintas Corporation by 2,261.3% during the first quarter, owning 152,375 shares valued at approximately $31.3 million.
• Cintas recently reported Q1 earnings of $1.09 EPS, slightly above analysts' expectations, with an 8.0% year-over-year revenue increase to $2.67 billion.
• The company has announced a quarterly dividend increase to $0.45 per share, representing an annualized dividend of $1.80 and a yield of 0.8%.

Jump Financial LLC grew its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 2,261.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,375 shares of the business services provider's stock after purchasing an additional 145,922 shares during the period. Jump Financial LLC's holdings in Cintas were worth $31,318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stone House Investment Management LLC purchased a new position in Cintas in the 1st quarter valued at $41,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Cintas by 646.4% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock worth $43,000 after buying an additional 181 shares in the last quarter. Washington Trust Advisors Inc. acquired a new position in shares of Cintas during the first quarter worth about $46,000. Greykasell Wealth Strategies Inc. acquired a new position in Cintas in the first quarter valued at approximately $46,000. Finally, Wellington Shields & Co. LLC acquired a new position in Cintas in the first quarter valued at approximately $51,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CTAS shares. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $240.00 price objective on shares of Cintas in a research note on Thursday, August 21st. JPMorgan Chase & Co. initiated coverage on Cintas in a research note on Monday, July 14th. They set an "overweight" rating and a $239.00 price target for the company. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $196.00 to $221.00 in a research note on Tuesday, July 1st. Redburn Atlantic cut Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective for the company. in a research report on Thursday, May 1st. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $224.54.

Cintas Stock Down 3.1%

Shares of NASDAQ:CTAS traded down $6.52 during mid-day trading on Thursday, hitting $206.68. 977,994 shares of the company traded hands, compared to its average volume of 1,699,955. The firm has a market cap of $83.29 billion, a P/E ratio of 46.96, 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. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The firm's 50 day simple moving average is $219.64 and its 200 day simple moving average is $212.76.

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

Cintas Increases Dividend

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

Insiders Place Their Bets

In other news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by company insiders.

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.