Caisse DE Depot ET Placement DU Quebec Buys 573,151 Shares of Cintas Corporation $CTAS

Key Points

• Caisse DE Depot ET Placement DU Quebec significantly increased its holdings in Cintas Corporation by 169.7%, now owning approximately 910,985 shares valued at $187.2 million.
• Cintas recently raised its quarterly dividend to $0.45, representing a 15.4% increase from the previous $0.39 dividend.
• Investment analysts have varied ratings on Cintas, with a consensus "Hold" rating and an average target price of $224.54, reflecting different perspectives on the company’s growth potential.

Caisse DE Depot ET Placement DU Quebec boosted its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 169.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 910,985 shares of the business services provider's stock after purchasing an additional 573,151 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.23% of Cintas worth $187,235,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTAS. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Cintas by 3.9% during 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 purchasing an additional 47 shares during the period. MJP Associates Inc. ADV raised its stake in shares of Cintas by 2.1% during the 4th 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 raised its stake in shares of Cintas by 4.1% during the 1st 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. raised its stake in shares of Cintas by 4.1% during the 1st quarter. Pinnacle Associates Ltd. now owns 1,291 shares of the business services provider's stock worth $265,000 after purchasing an additional 51 shares during the period. Finally, Johnson Financial Group Inc. raised its stake in shares of Cintas by 7.7% during the 4th quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider's stock worth $146,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Price Performance

CTAS stock traded down $4.88 during mid-day trading on Thursday, reaching $208.32. 2,325,151 shares of the company traded hands, compared to its average volume of 1,646,390. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. The company has a market capitalization of $83.95 billion, a P/E ratio of 47.24, a P/E/G ratio of 3.68 and a beta of 1.03. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The company has a fifty day moving average price of $219.64 and a 200-day moving average price of $212.76.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.02. The business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, analysts anticipate 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 will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be issued a $0.45 dividend. 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 annualized dividend and a dividend yield of 0.9%. Cintas's payout ratio is currently 40.82%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CTAS. JPMorgan Chase & Co. began coverage on Cintas in a research note on Monday, July 14th. They set an "overweight" rating and a $239.00 target price on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and set a $240.00 target price on shares of Cintas in a research note on Thursday, August 21st. The Goldman Sachs Group lifted their price objective on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Morgan Stanley lifted their price objective on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Finally, UBS Group lifted their price objective on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, July 18th. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $224.54.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the company's stock in a transaction dated 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 transaction, the director directly owned 21,945 shares in the company, valued at $4,904,049.15. This represents a 18.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $220.90, for a total value of $3,821,790.90. Following the sale, 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 position. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by company insiders.

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.