Cintas Corporation $CTAS Shares Bought by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Cintas Corporation by 200.8% to a total of 12,918 shares, valuing its investment at approximately $2.879 million.
• Cintas reported quarterly earnings of $1.20 per share, exceeding analysts' expectations, alongside a revenue of $2.72 billion, marking an 8.7% increase year-over-year.
• The company recently raised its quarterly dividend from $0.39 to $0.45 per share, translating to an annualized dividend of $1.80 and a yield of 0.9%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 200.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,918 shares of the business services provider's stock after buying an additional 8,623 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Cintas were worth $2,879,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Perigon Wealth Management LLC increased its holdings in shares of Cintas by 17.6% during the 2nd quarter. Perigon Wealth Management LLC now owns 4,322 shares of the business services provider's stock worth $963,000 after buying an additional 646 shares during the last quarter. McAdam LLC increased its holdings in shares of Cintas by 1.9% during the 2nd quarter. McAdam LLC now owns 4,167 shares of the business services provider's stock worth $929,000 after buying an additional 79 shares during the last quarter. Lynch & Associates IN acquired a new stake in shares of Cintas during the 2nd quarter worth $779,000. Ballentine Partners LLC increased its holdings in shares of Cintas by 39.1% during the 2nd quarter. Ballentine Partners LLC now owns 3,557 shares of the business services provider's stock worth $793,000 after buying an additional 999 shares during the last quarter. Finally, Norden Group LLC increased its holdings in shares of Cintas by 3.4% during the 2nd quarter. Norden Group LLC now owns 7,828 shares of the business services provider's stock worth $1,745,000 after buying an additional 255 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

NASDAQ:CTAS opened at $202.05 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.82. The firm has a 50-day moving average of $213.16 and a two-hundred day moving average of $212.57. The stock has a market cap of $81.42 billion, a P/E ratio of 44.80, a PEG ratio of 3.46 and a beta of 1.01. 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 Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the prior year, the company posted $1.10 EPS. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, research analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was 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 is 40.82%.

Insider Transactions at Cintas

In other news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction that occurred on Wednesday, July 30th. The shares were 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 of the company's stock, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CTAS shares. JPMorgan Chase & Co. decreased their price target on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating for the company in a research report on Thursday. UBS Group upped 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. Morgan Stanley upped 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. Royal Bank Of Canada decreased their price target on shares of Cintas from $240.00 to $206.00 and set a "sector perform" rating for the company in a research report on Thursday. Finally, Wells Fargo & Company decreased their price target on shares of Cintas from $221.00 to $218.00 and set an "equal weight" rating for the company in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $222.75.

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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