Consolidated Portfolio Review Corp Increases Position in Cintas Corporation $CTAS

Key Points

• Consolidated Portfolio Review Corp increased its holdings in Cintas Corporation by 39.5% during the second quarter, owning 4,663 shares valued at approximately $1,039,000.
• CEO Todd M. Schneider sold over 17,000 shares of Cintas stock for nearly $3.82 million, resulting in a 2.70% decrease in his ownership.
• Cintas recently declared a quarterly dividend of $0.45 per share, up from the previous $0.39, with an annualized yield of 0.9%.

Consolidated Portfolio Review Corp raised its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 39.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,663 shares of the business services provider's stock after purchasing an additional 1,321 shares during the quarter. Consolidated Portfolio Review Corp's holdings in Cintas were worth $1,039,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in Cintas in the first quarter valued at $27,000. Saudi Central Bank purchased a new stake in Cintas in the first quarter valued at $29,000. Stone House Investment Management LLC purchased a new stake in Cintas in the first quarter valued at $41,000. Resources Management Corp CT ADV purchased a new stake in Cintas in the first quarter valued at $41,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings 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 purchasing an additional 181 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the sale, the chief executive officer owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the company's stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. Insiders own 14.90% of the company's stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several recent research reports. The Goldman Sachs Group upped their price target on shares of 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 decreased their price objective on shares of Cintas from $240.00 to $206.00 and set a "sector perform" rating for the company in a research report on Thursday, September 25th. Morgan Stanley upped their price objective on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Wells Fargo & Company decreased their price objective on shares of Cintas from $221.00 to $218.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Finally, UBS Group upped their price objective on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Cintas has a consensus rating of "Hold" and an average price target of $222.09.

Cintas Stock Down 0.8%

CTAS opened at $203.64 on Thursday. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $211.82 and a 200 day moving average price of $212.87. The company has a market cap of $82.06 billion, a PE ratio of 46.18, a price-to-earnings-growth ratio of 3.54 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping 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 firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The company's revenue for the quarter was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Sell-side analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were 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 was Friday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas's payout ratio is currently 39.91%.

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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