Integrity Alliance LLC. Purchases Shares of 10,107 Cintas Corporation $CTAS

Key Points

• Integrity Alliance LLC has acquired 10,107 shares of Cintas Corporation, valued at approximately $2,077,000, marking a new investment position in the company during the first quarter.
• Cintas recently announced an increase in its quarterly dividend from $0.39 to $0.45, representing a yield of 0.9% for shareholders.
• The company's latest earnings report showed a net margin of 17.53% and revenue of $2.67 billion, exceeding analyst expectations.

Integrity Alliance LLC. acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,107 shares of the business services provider's stock, valued at approximately $2,077,000.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC increased its stake in Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock valued at $232,000 after purchasing an additional 108 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of Cintas by 0.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock valued at $93,969,000 after buying an additional 3,504 shares during the period. Gotham Asset Management LLC increased its position in Cintas by 26.9% in the 4th quarter. Gotham Asset Management LLC now owns 37,749 shares of the business services provider's stock valued at $6,897,000 after buying an additional 8,009 shares in the last quarter. Janus Henderson Group PLC raised its stake in Cintas by 29.9% during the 4th quarter. Janus Henderson Group PLC now owns 91,322 shares of the business services provider's stock worth $16,683,000 after buying an additional 21,015 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new position in Cintas during the 4th quarter worth approximately $1,133,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Insider Activity

In related news, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction that occurred on Wednesday, July 30th. The stock was 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. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Martin Mucci acquired 1,200 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was purchased at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the purchase, 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 position. The disclosure for this purchase can be found here. 15.00% of the stock is currently owned by corporate insiders.

Cintas Price Performance

CTAS opened at $201.40 on Thursday. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. The company has a market capitalization of $81.16 billion, a price-to-earnings ratio of 45.67, a P/E/G ratio of 3.48 and a beta of 1.01. The firm's fifty day moving average price is $216.65 and its two-hundred day moving average price is $212.81.

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

Cintas Increases Dividend

The firm 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 represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 15th. This is a boost from Cintas's previous quarterly dividend of $0.39. Cintas's dividend payout ratio (DPR) is presently 40.82%.

Analyst Ratings Changes

Several equities research analysts have recently commented on CTAS shares. UBS Group boosted their price objective on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, July 18th. The Goldman Sachs Group lifted their price target 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. Robert W. Baird upped their price objective on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" 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 raised their price objective for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Finally, Morgan Stanley boosted their target price on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average 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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