Cintas Corporation $CTAS Holdings Lifted by NatWest Group plc

Key Points

• NatWest Group plc has increased its holdings in Cintas Corporation by 6.6%, now owning 66,610 shares valued at approximately $13.69 million, making Cintas its 8th largest holding.
• Cintas recently reported a quarterly earnings per share (EPS) of $1.09, exceeding analysts' estimates, with a revenue of $2.67 billion, reflecting an 8.0% year-over-year growth.
• The company has announced an increase in its dividend to $0.45 per share, up from $0.39, representing an annualized yield of 0.9%, with the dividend payout scheduled for September 15th.

NatWest Group plc lifted its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,610 shares of the business services provider's stock after purchasing an additional 4,144 shares during the quarter. Cintas accounts for approximately 4.0% of NatWest Group plc's holdings, making the stock its 8th biggest position. NatWest Group plc's holdings in Cintas were worth $13,690,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. WPG Advisers LLC purchased a new position in shares of Cintas in the 1st quarter worth about $27,000. Saudi Central Bank bought a new stake in Cintas in the 1st quarter worth about $29,000. Stone House Investment Management LLC bought a new stake in Cintas in the 1st quarter worth about $41,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Cintas by 646.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock worth $43,000 after buying an additional 181 shares in the last quarter. Finally, Washington Trust Advisors Inc. bought a new stake in Cintas in the 1st quarter worth about $46,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Stock Performance

Shares of NASDAQ:CTAS traded down $2.34 during mid-day trading on Friday, reaching $204.50. 1,413,719 shares of the company traded hands, compared to its average volume of 1,743,763. The company's 50 day moving average price is $217.78 and its 200-day moving average price is $212.97. The firm has a market cap of $82.41 billion, a PE ratio of 46.37, a PEG ratio of 3.53 and a beta of 1.01. 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 Corporation has a 52 week low of $180.78 and a 52 week high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.02. The company 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 firm's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, equities analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be paid a dividend of $0.45 per share. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date is Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas's dividend payout ratio is presently 40.82%.

Insider Activity at Cintas

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were bought at an average cost of $222.55 per share, with a total value of $267,060.00. Following the acquisition, the director owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald W. Tysoe sold 5,084 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. 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. 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. The Goldman Sachs Group boosted their price target on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. began coverage on Cintas in a research note on Monday, July 14th. They set an "overweight" rating and a $239.00 price target for the company. Finally, Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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.