Focus Partners Wealth Boosts Stake in Cintas Corporation $CTAS

Key Points

• Focus Partners Wealth increased its stake in Cintas Corporation by 16.5% during the first quarter, bringing its total holdings to 25,040 shares valued at approximately $5.1 million.
• Multiple institutional investors significantly boosted their positions in Cintas, with Nuveen LLC investing around $1.88 billion and GAMMA Investing LLC increasing its stake by 19,644.3%.
• Cintas recently announced an increase in its quarterly dividend to $0.45 per share, up from $0.39, reflecting a 0.9% dividend yield with an ex-dividend date set for August 15th.

Focus Partners Wealth raised its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 16.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,040 shares of the business services provider's stock after buying an additional 3,554 shares during the period. Focus Partners Wealth's holdings in Cintas were worth $5,147,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of CTAS. Nuveen LLC bought a new position in shares of Cintas during the 1st quarter valued at approximately $1,877,760,000. GAMMA Investing LLC grew its position in shares of Cintas by 19,644.3% during the 1st quarter. GAMMA Investing LLC now owns 2,263,091 shares of the business services provider's stock valued at $465,133,000 after acquiring an additional 2,251,629 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Cintas by 169.7% during 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 acquiring an additional 573,151 shares during the period. Vanguard Group Inc. grew its position in shares of Cintas by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock valued at $7,781,223,000 after acquiring an additional 491,307 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Cintas by 20.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,585,024 shares of the business services provider's stock valued at $531,300,000 after acquiring an additional 432,980 shares during the period. 63.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $240.00 price objective on shares of Cintas in a report on Thursday, August 21st. Morgan Stanley raised their price target on shares of Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. UBS Group boosted 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. Finally, Robert W. Baird boosted their price target 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 investment 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 given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $224.54.

Insider Activity at Cintas

In related news, Director Martin Mucci acquired 1,200 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were bought at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the transaction, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

Cintas Trading Down 1.0%

Shares of NASDAQ CTAS opened at $202.37 on Monday. The firm's 50 day moving average price is $216.03 and its 200-day moving average price is $212.92. The company has a market cap of $81.55 billion, a PE ratio of 45.89, a P/E/G ratio of 3.49 and a beta of 1.01. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.99 earnings per share. 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 EPS for the current fiscal year.

Cintas Increases Dividend

The company 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 $0.45 dividend. This is a boost from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 15th. Cintas's payout ratio is currently 40.82%.

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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