HBW Advisory Services LLC Makes New Investment in Cintas Corporation $CTAS

Key Points

• HBW Advisory Services LLC purchased 1,237 shares of Cintas Corporation, valued at approximately $276,000, marking a new investment in the second quarter.
• Cintas recently increased its quarterly dividend to $0.45, reflecting a $1.80 annualized dividend and a yield of 0.9%.
• Goldman Sachs raised its target price for Cintas from $233.00 to $257.00, affirming a "buy" rating based on positive growth forecasts.

HBW Advisory Services LLC bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,237 shares of the business services provider's stock, valued at approximately $276,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 491,307 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Cintas during the 1st quarter valued at $1,877,760,000. Northern Trust Corp lifted its holdings in shares of Cintas by 0.7% during the 1st quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider's stock valued at $841,749,000 after purchasing an additional 28,469 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Cintas by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider's stock valued at $591,373,000 after purchasing an additional 59,162 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cintas by 11.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,818,147 shares of the business services provider's stock valued at $514,875,000 after purchasing an additional 295,226 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Insiders Place Their Bets

In other news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the completion of the sale, the director directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Martin Mucci purchased 1,200 shares of Cintas stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the transaction, the director owned 2,621 shares of the company's stock, valued at $583,303.55. The trade was a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 15.00% of the company's stock.

Cintas Trading Down 1.0%

Shares of Cintas stock opened at $202.37 on Monday. The firm has a market capitalization 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 twelve month low of $180.78 and a twelve month high of $229.24. 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 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 released its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates 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 period last year, the company posted $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, sell-side analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. This is a positive change from Cintas's previous quarterly dividend of $0.39. The ex-dividend date is Friday, August 15th. Cintas's payout ratio is presently 40.82%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CTAS. The Goldman Sachs Group upped their target price on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $196.00 to $221.00 in a research report on Tuesday, July 1st. Morgan Stanley upped their target price on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. UBS Group upped their target price on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. began coverage on Cintas in a research report on Monday, July 14th. They issued an "overweight" rating and a $239.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average 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.

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