Cintas Corporation $CTAS Shares Purchased by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Cintas Corporation by 16.2%, owning 67,820 shares valued at approximately $15.1 million.
• Insider transactions included Director Ronald W. Tysoe selling 5,084 shares and CEO Todd M. Schneider selling 17,301 shares, indicating decreases in their ownership by 18.81% and 2.70%, respectively.
• Cintas reported a net margin of 17.54% and quarterly revenue growth of 8.7% year-over-year, highlighting strong earnings performance and an increase in quarterly dividend from $0.39 to $0.45 per share.

Vanguard Personalized Indexing Management LLC boosted its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 16.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,820 shares of the business services provider's stock after purchasing an additional 9,467 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Cintas were worth $15,117,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CTAS. Nuveen LLC acquired a new stake in Cintas in the first quarter worth approximately $1,877,760,000. Voya Investment Management LLC lifted its position in Cintas by 516.8% in the first quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider's stock worth $175,529,000 after purchasing an additional 715,570 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Cintas by 169.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider's stock worth $187,235,000 after purchasing an additional 573,151 shares during the period. Vanguard Group Inc. lifted its position in Cintas by 1.3% in the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock worth $7,781,223,000 after purchasing an additional 491,307 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in Cintas by 163.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider's stock worth $171,132,000 after purchasing an additional 476,336 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of the company's stock in a transaction 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 transaction, the director directly owned 21,945 shares of the company's stock, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the transaction, the chief executive officer directly owned 622,712 shares in the company, valued at $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by company insiders.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $187.96 on Friday. The company's fifty day moving average is $208.33 and its two-hundred day moving average is $213.10. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The company has a market cap of $75.53 billion, a P/E ratio of 42.62, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01.

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 (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the business earned $1.10 EPS. The company's revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a dividend of $0.45 per share. This is an increase from Cintas's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas's dividend payout ratio (DPR) is presently 40.82%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CTAS. JPMorgan Chase & Co. cut their target price on Cintas from $246.00 to $230.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Morgan Stanley increased their price objective on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Wells Fargo & Company cut their price objective on Cintas from $221.00 to $218.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of Cintas in a research report on Wednesday. Finally, The Goldman Sachs Group increased their price objective on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $222.09.

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.

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