Cintas Corporation $CTAS Shares Purchased by Columbus Macro LLC

Key Points

• Columbus Macro LLC increased its stake in Cintas Corporation by 7.2% in the second quarter, now owning 31,684 shares valued at $7.06 million.
• Cintas reported an earnings per share of $1.20 for the last quarter, surpassing estimates, with revenue rising 8.7% year-over-year and set guidance for FY 2026 between 4.740-4.86 EPS.
• The company's quarterly dividend increased to $0.45, a rise from the previous $0.39, with a current annual yield of 0.9%.

Columbus Macro LLC grew its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,684 shares of the business services provider's stock after acquiring an additional 2,140 shares during the quarter. Columbus Macro LLC's holdings in Cintas were worth $7,061,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Maryland State Retirement & Pension System boosted its position in Cintas by 3.4% in the second quarter. Maryland State Retirement & Pension System now owns 16,711 shares of the business services provider's stock valued at $3,724,000 after buying an additional 545 shares during the last quarter. Optas LLC boosted its position in Cintas by 9.3% in the second quarter. Optas LLC now owns 1,236 shares of the business services provider's stock valued at $275,000 after buying an additional 105 shares during the last quarter. Clear Creek Financial Management LLC purchased a new stake in Cintas in the second quarter valued at approximately $204,000. Ignite Planners LLC boosted its position in Cintas by 2.6% in the second quarter. Ignite Planners LLC now owns 2,042 shares of the business services provider's stock valued at $453,000 after buying an additional 51 shares during the last quarter. Finally, Detalus Advisors LLC boosted its position in Cintas by 6.7% in the second quarter. Detalus Advisors LLC now owns 2,304 shares of the business services provider's stock valued at $513,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Insider Activity at Cintas

In related news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction 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 directly owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin Mucci acquired 1,200 shares of Cintas stock in a transaction that occurred on Monday, July 21st. The stock was purchased at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the purchase, the director owned 2,621 shares in the company, valued at $583,303.55. The trade was a 84.45% increase in their position. The disclosure for this purchase can be found here. 14.90% of the stock is owned by corporate insiders.

Cintas Trading Down 0.2%

Shares of CTAS stock opened at $198.81 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The company has a market cap of $80.12 billion, a price-to-earnings ratio of 45.08, a PEG ratio of 3.44 and a beta of 1.01. The stock has a 50 day simple moving average of $209.62 and a 200-day simple moving average of $213.09. 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 announced its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities research analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 0.9%. This is an increase from Cintas's previous quarterly dividend of $0.39. Cintas's dividend payout ratio is currently 40.82%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Cintas in a research report on Wednesday. Robert W. Baird upped their price objective on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Morgan Stanley upped their price objective on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Wells Fargo & Company lowered their price objective on Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Finally, UBS Group upped their price objective on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $222.09.

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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