Cintas Corporation $CTAS Shares Bought by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management Co. significantly increased its holdings in Cintas Corporation by 806.3% in the first quarter, owning 26,545 shares valued at approximately $5.46 million.
• Cintas reported earnings of $1.09 per share for the last quarter, surpassing estimates, and projected FY 2026 guidance of 4.710-4.85 EPS.
• The company announced an increase in its quarterly dividend from $0.39 to $0.45 per share, with an annualized yield of 0.9%.

Flputnam Investment Management Co. lifted its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 806.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,545 shares of the business services provider's stock after purchasing an additional 23,616 shares during the period. Flputnam Investment Management Co.'s holdings in Cintas were worth $5,456,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. ICW Investment Advisors LLC lifted its holdings in Cintas by 3.2% during the 1st quarter. ICW Investment Advisors LLC now owns 3,603 shares of the business services provider's stock worth $740,000 after buying an additional 111 shares during the last quarter. Quarry LP acquired a new stake in shares of Cintas in the 1st quarter valued at about $364,000. Saudi Central Bank purchased a new stake in Cintas in the first quarter valued at approximately $29,000. Baird Financial Group Inc. lifted its stake in Cintas by 10.9% in the first quarter. Baird Financial Group Inc. now owns 103,222 shares of the business services provider's stock valued at $21,215,000 after buying an additional 10,151 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in Cintas by 7.6% in the first quarter. Panagora Asset Management Inc. now owns 212,676 shares of the business services provider's stock valued at $43,711,000 after buying an additional 14,981 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTAS has been the topic of several recent research reports. Robert W. Baird boosted their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. The Goldman Sachs Group raised their price target on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $240.00 price objective on shares of Cintas in a report on Thursday, August 21st. Morgan Stanley raised their target price on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Finally, UBS Group raised their target price on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $224.54.

Insiders Place Their Bets

In other news, CEO Todd M. Schneider sold 17,301 shares of the firm's stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the transaction, the director owned 21,945 shares in the company, valued at $4,904,049.15. The trade was a 18.81% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

Cintas Trading Up 0.6%

Shares of Cintas stock traded up $1.23 during trading hours on Thursday, reaching $206.84. 1,369,214 shares of the company's stock were exchanged, compared to its average volume of 1,714,924. 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 of $218.38 and a 200-day moving average of $212.87. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $83.35 billion, a price-to-earnings ratio of 46.90, a price-to-earnings-growth ratio of 3.62 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly 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. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The company had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $2.63 billion. During the same quarter in the previous year, the business earned $3.99 EPS. The firm's revenue was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Sell-side analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal 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 paid a dividend of $0.45 per share. This is an increase from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 15th. Cintas's payout ratio is presently 40.82%.

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.