Credit Agricole S A Purchases 3,175 Shares of Cintas Corporation $CTAS

Key Points

• Credit Agricole S A increased its holdings in Cintas Corporation by 4.9%, owning a total of 68,089 shares valued at $13.99 million as of its latest SEC filing.
• Cintas announced a quarterly dividend of $0.45, representing an increase from the previous $0.39, with a dividend payout ratio of 40.82%.
• In its latest earnings report, Cintas reported $1.09 earnings per share, exceeding analyst estimates, with a total revenue of $2.67 billion in the quarter.

Credit Agricole S A grew its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,089 shares of the business services provider's stock after buying an additional 3,175 shares during the quarter. Credit Agricole S A's holdings in Cintas were worth $13,994,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC grew its stake in Cintas by 3.9% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider's stock worth $258,000 after buying an additional 47 shares during the last quarter. MJP Associates Inc. ADV grew its stake in shares of Cintas by 2.1% during the fourth quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider's stock valued at $441,000 after purchasing an additional 50 shares during the last quarter. Kathmere Capital Management LLC grew its stake in shares of Cintas by 4.1% during the first quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider's stock valued at $266,000 after purchasing an additional 51 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Cintas by 4.1% during the first quarter. Pinnacle Associates Ltd. now owns 1,291 shares of the business services provider's stock valued at $265,000 after purchasing an additional 51 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its stake in shares of Cintas by 7.7% during the fourth quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider's stock valued at $146,000 after purchasing an additional 52 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Stock Down 0.2%

CTAS traded down $0.52 during trading on Friday, hitting $215.59. The company had a trading volume of 1,448,772 shares, compared to its average volume of 1,356,395. The company has a market capitalization of $86.88 billion, a PE ratio of 48.89, a PEG ratio of 3.72 and a beta of 1.03. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The firm's 50-day moving average price is $220.16 and its 200 day moving average price is $212.63. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly 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. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the business earned $3.99 EPS. The company's revenue was up 8.0% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, equities analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Cintas's previous quarterly dividend of $0.39. Cintas's payout ratio is presently 40.82%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CEO Todd M. Schneider sold 17,301 shares of Cintas 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. The trade was a 2.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Martin Mucci bought 1,200 shares of Cintas 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 directly owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. 15.00% of the stock is currently owned by insiders.

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.