Ethic Inc. raised its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,011 shares of the business services provider's stock after buying an additional 1,778 shares during the period. Ethic Inc.'s holdings in Cintas were worth $15,455,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Nuveen LLC purchased a new position in Cintas in the first quarter valued at $1,877,760,000. Voya Investment Management LLC raised its position in Cintas by 516.8% in the 1st quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider's stock valued at $175,529,000 after purchasing an additional 715,570 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Cintas by 169.7% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider's stock valued at $187,235,000 after buying an additional 573,151 shares during the period. Vanguard Group Inc. grew its position in shares of Cintas by 1.3% during 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. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Cintas by 163.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider's stock worth $171,132,000 after buying an additional 476,336 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.
Cintas Stock Performance
Shares of CTAS opened at $196.36 on Wednesday. The company's 50 day simple moving average is $203.44 and its 200-day simple moving average is $212.39. The firm has a market cap of $78.91 billion, a PE ratio of 44.36, a price-to-earnings-growth ratio of 3.32 and a beta of 1.01. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51.
Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating 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. Cintas'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. As a group, equities analysts predict that Cintas Corporation will post 4.31 EPS for the current 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 issued 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 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Cintas's dividend payout ratio is 40.82%.
Insider Activity
In other news, 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 transaction, the director owned 21,945 shares of the company's stock, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of the company'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 sale, the chief executive officer owned 622,712 shares of the company's stock, valued at $137,557,080.80. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders own 14.90% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on CTAS. UBS Group lifted their price target on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. decreased their price objective on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Wells Fargo & Company dropped their target price on Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Citigroup lifted their price target on Cintas from $172.00 to $176.00 and gave the stock a "sell" rating in a report on Friday, September 26th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Cintas in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $222.09.
View Our Latest Analysis on CTAS
Cintas Company Profile
(
Free Report)
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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