Cintas Corporation $CTAS Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Cintas Corporation by 94.9%, now owning 256,603 shares valued at $52.5 million as of their latest SEC filing.
• Cintas reported a quarterly earnings increase with an EPS of $1.09, surpassing analysts' expectations, alongside an 8% rise in revenue compared to the previous year.
• The company recently announced a dividend increase from $0.39 to $0.45 per share, reflecting a commitment to returning value to shareholders with a new annual yield of 0.8%.

Aberdeen Group plc boosted its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 94.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 256,603 shares of the business services provider's stock after buying an additional 124,942 shares during the quarter. Aberdeen Group plc owned 0.06% of Cintas worth $52,507,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Cintas during the first quarter valued at $1,877,760,000. GAMMA Investing LLC increased its holdings in Cintas by 19,644.3% during the first quarter. GAMMA Investing LLC now owns 2,263,091 shares of the business services provider's stock valued at $465,133,000 after buying an additional 2,251,629 shares during the period. Vanguard Group Inc. raised its stake 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 buying an additional 491,307 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Cintas by 13.1% in the 4th quarter. Northern Trust Corp now owns 4,067,037 shares of the business services provider's stock valued at $743,048,000 after acquiring an additional 472,069 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Cintas by 26.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider's stock worth $407,163,000 after acquiring an additional 468,950 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

Shares of CTAS traded down $0.67 during trading hours on Thursday, hitting $216.06. 184,549 shares of the stock were exchanged, compared to its average volume of 1,676,895. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. The stock's 50-day moving average price is $220.44 and its two-hundred day moving average price is $212.36. 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 $87.07 billion, a price-to-earnings ratio of 49.02, a price-to-earnings-growth ratio of 3.73 and a beta of 1.03.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Research analysts expect 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 given 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 dividend yield of 0.8%. The ex-dividend date is Friday, August 15th. Cintas's dividend payout ratio (DPR) is 40.82%.

Insider Activity

In related news, Director Ronald W. Tysoe sold 5,084 shares of the business's stock in a transaction 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 sale, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 622,712 shares in the company, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on CTAS shares. UBS Group increased their price target on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Robert W. Baird boosted their price objective on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price for the company. in a research note on Thursday, May 1st. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $196.00 to $221.00 in a research report on Tuesday, July 1st. 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 report on Wednesday, July 2nd. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $224.54.

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.