Cintas Corporation $CTAS Shares Bought by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in Cintas Corporation by 1.1% during the first quarter, owning 207,306 shares valued at approximately $42.6 million.
• A majority of institutional investors and hedge funds hold 63.46% of Cintas' stock, indicating significant institutional confidence in the company.
• Cintas recently announced a dividend increase to $0.45 per share, marking a boost from its previous dividend of $0.39, with the ex-dividend date set for August 15th.

CW Advisors LLC increased its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,306 shares of the business services provider's stock after acquiring an additional 2,169 shares during the period. CW Advisors LLC owned approximately 0.05% of Cintas worth $42,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in CTAS. Crestwood Advisors Group LLC acquired a new stake in shares of Cintas during the first quarter worth about $270,000. Ameriprise Financial Inc. raised its position in Cintas by 26.7% during the 4th quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider's stock worth $407,163,000 after buying an additional 468,950 shares during the last quarter. Pinnacle Financial Partners Inc boosted its holdings in shares of Cintas by 3.8% in the 1st quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider's stock valued at $12,327,000 after acquiring an additional 2,191 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Cintas by 51.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider's stock valued at $2,049,000 after acquiring an additional 3,404 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its stake in shares of Cintas by 5.2% in the fourth quarter. Ensign Peak Advisors Inc now owns 257,032 shares of the business services provider's stock worth $46,960,000 after acquiring an additional 12,734 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Price Performance

CTAS traded down $0.52 during trading on Friday, hitting $215.59. The company's stock had a trading volume of 1,448,772 shares, compared to its average volume of 1,356,395. The firm has a market capitalization of $86.88 billion, a price-to-earnings ratio of 48.89, a P/E/G ratio of 3.72 and a beta of 1.03. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The business's fifty day simple moving average is $220.16 and its 200 day simple moving average is $212.63. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.02. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The business's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, equities research analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be paid 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 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, August 15th. Cintas's dividend payout ratio is presently 40.82%.

Insider Buying and Selling

In related news, CEO Todd M. Schneider sold 17,301 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were 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 of the company's stock, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CTAS shares. The Goldman Sachs Group boosted their target price on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada restated a "sector perform" rating and issued a $240.00 target price on shares of Cintas in a research note on Thursday. JPMorgan Chase & Co. assumed coverage on Cintas in a report on Monday, July 14th. They set an "overweight" rating and a $239.00 target price on the stock. Morgan Stanley boosted their price target on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Finally, Robert W. Baird raised 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. One equities 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.