Kestra Advisory Services LLC Has $14.77 Million Stock Position in Cintas Corporation $CTAS

Key Points

• Kestra Advisory Services LLC increased its stake in Cintas Corporation by 4.4%, owning a total of 71,849 shares valued at approximately $14.77 million.
• Cintas recently reported an EPS of $1.09 for the last quarter, exceeding analyst estimates, and also announced an increase in its quarterly dividend to $0.45.
• Multiple analysts have raised their target prices for Cintas, reflecting optimistic sentiment, with Goldman Sachs setting a new target of $257.00 and indicating a "buy" rating.

Kestra Advisory Services LLC grew its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 4.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 71,849 shares of the business services provider's stock after buying an additional 3,049 shares during the period. Kestra Advisory Services LLC's holdings in Cintas were worth $14,767,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CTAS. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Cintas by 3.9% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider's stock worth $258,000 after acquiring an additional 47 shares during the period. MJP Associates Inc. ADV lifted its position in Cintas by 2.1% in the fourth quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider's stock worth $441,000 after purchasing an additional 50 shares during the period. Kathmere Capital Management LLC lifted its position in Cintas by 4.1% in the first quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider's stock worth $266,000 after purchasing an additional 51 shares during the period. Pinnacle Associates Ltd. boosted its stake in Cintas by 4.1% during the first quarter. Pinnacle Associates Ltd. now owns 1,291 shares of the business services provider's stock worth $265,000 after buying an additional 51 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its holdings in Cintas by 7.7% in the 4th quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider's stock valued at $146,000 after buying an additional 52 shares during the period. Institutional investors own 63.46% of the company's stock.

Insider Activity at Cintas

In other Cintas news, Director Martin Mucci bought 1,200 shares of the business's stock in a transaction on Monday, July 21st. The shares were bought at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the transaction, the director owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd M. Schneider sold 17,301 shares of Cintas 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 represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by company insiders.

Cintas Price Performance

Shares of NASDAQ:CTAS traded down $4.88 during trading on Thursday, reaching $208.32. The stock had a trading volume of 2,200,230 shares, compared to its average volume of 1,703,106. The business's 50-day moving average price is $219.64 and its 200 day moving average price is $212.76. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The stock has a market capitalization of $83.95 billion, a PE ratio of 47.24, a P/E/G ratio of 3.67 and a beta of 1.03. 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 issued its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.67 billion during 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 business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, equities analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be issued a $0.45 dividend. 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%. The ex-dividend date of this dividend is Friday, August 15th. Cintas's dividend payout ratio (DPR) is 40.82%.

Analysts Set New Price Targets

A number of research firms have recently commented on CTAS. The Goldman Sachs Group raised their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Wells Fargo & Company upgraded shares of 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 note on Tuesday, July 1st. Morgan Stanley lifted their price objective on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. UBS Group upped their price objective on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Redburn Atlantic downgraded Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price for the company. in a research report on Thursday, May 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Cintas currently has an average rating of "Hold" and a consensus target price of $224.54.

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.