GC Wealth Management RIA LLC Buys New Stake in Cintas Corporation $CTAS

Key Points

• GC Wealth Management RIA LLC acquired a new stake in Cintas Corporation, purchasing 13,106 shares valued at approximately $2.92 million.
• Cintas Corporation recently increased its quarterly dividend to $0.45 per share, reflecting a boost from the previous dividend of $0.39.
• The firm reported an 8.7% year-over-year revenue increase for the quarter with total revenue of $2.72 billion, also surpassing analyst expectations.

GC Wealth Management RIA LLC purchased a new stake in Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,106 shares of the business services provider's stock, valued at approximately $2,921,000.

Several other hedge funds also recently made changes to their positions in CTAS. WPG Advisers LLC purchased a new position in shares of Cintas in the 1st quarter valued at approximately $27,000. Saudi Central Bank purchased a new stake in shares of Cintas during the 1st quarter worth $29,000. Stone House Investment Management LLC purchased a new stake in shares of Cintas during the 1st quarter worth approximately $41,000. Resources Management Corp CT ADV purchased a new stake in Cintas during the first quarter worth $41,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Cintas by 646.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock worth $43,000 after buying an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Insider Buying and Selling

In related news, CEO Todd M. Schneider sold 17,301 shares of the business's 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 completion of the transaction, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald W. Tysoe sold 5,084 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the transaction, the director owned 21,945 shares of the company's stock, valued at $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is owned by insiders.

Cintas Stock Up 1.1%

CTAS stock opened at $204.24 on Monday. The company has a fifty day simple moving average of $212.81 and a 200 day simple moving average of $212.91. 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 Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The firm has a market cap of $82.30 billion, a PE ratio of 46.31, a PEG ratio of 3.53 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last released its 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 analysts' expectations of $2.70 billion. During the same period in the prior year, the company earned $1.10 EPS. The business's quarterly revenue was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Sell-side analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. This is a boost from Cintas's previous quarterly dividend of $0.39. Cintas's dividend payout ratio (DPR) is presently 39.91%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CTAS shares. Royal Bank Of Canada reduced their target price on shares of Cintas from $240.00 to $206.00 and set a "sector perform" rating on the stock in a report on Thursday. JPMorgan Chase & Co. cut their price target on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a report on Thursday. 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. Morgan Stanley lifted their target price on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Cintas currently has a consensus rating of "Hold" and a consensus price target of $222.09.

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.

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