Dimensional Fund Advisors LP Buys 30,678 Shares of Cintas Corporation $CTAS

Key Points

• Dimensional Fund Advisors LP increased its holdings in Cintas Corporation by 1.9%, now owning 1,655,074 shares valued at approximately $340 million.
• Cintas recently reported earnings of $1.09 per share, beating estimates, with a revenue increase of 8.0% year-over-year, totaling $2.67 billion for the quarter.
• The company declared a quarterly dividend increase from $0.39 to $0.45 per share, with a payout ratio of 35.37%, to be paid on September 15th.

Dimensional Fund Advisors LP increased its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,655,074 shares of the business services provider's stock after purchasing an additional 30,678 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.41% of Cintas worth $340,122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new stake in shares of Cintas during the 1st quarter worth approximately $41,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Cintas by 646.4% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock valued at $43,000 after acquiring an additional 181 shares during the last quarter. Washington Trust Advisors Inc. acquired a new stake in Cintas during the 1st quarter worth $46,000. Greykasell Wealth Strategies Inc. acquired a new stake in Cintas during the 1st quarter worth $46,000. Finally, Wellington Shields & Co. LLC bought a new stake in shares of Cintas during the 1st quarter valued at $51,000. 63.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CTAS. Morgan Stanley raised their price target on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Royal Bank Of Canada restated a "sector perform" rating and set a $240.00 target price on shares of Cintas in a report on Thursday. JPMorgan Chase & Co. initiated coverage on Cintas in a research note on Monday, July 14th. They issued an "overweight" rating and a $239.00 price target for the company. Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target on the stock. in a research report on Thursday, May 1st. Finally, Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $224.54.

Insider Transactions at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Martin Mucci purchased 1,200 shares of the stock in a transaction on Monday, July 21st. The shares were bought at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the transaction, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. The trade was a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 15.00% of the company's stock.

Cintas Stock Down 0.3%

CTAS stock traded down $0.61 during trading hours on Thursday, reaching $216.12. 468,640 shares of the stock were exchanged, compared to its average volume of 1,678,563. The firm's 50-day moving average is $220.44 and its 200-day moving average 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 $87.09 billion, a price-to-earnings ratio of 49.04, a PEG ratio of 3.73 and a beta of 1.03. 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 (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, topping 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 period in the prior year, the firm earned $3.99 earnings per share. Cintas's revenue for the quarter was up 8.0% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, equities research analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be given a dividend of $0.45 per share. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 0.8%. 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.