Jones Financial Companies Lllp Increases Stake in Cintas Corporation $CTAS

Key Points

• Jones Financial Companies Lllp increased its stake in Cintas Corporation by 800.8%, now holding 171,637 shares valued at approximately $35.3 million.
• Cintas announced a quarterly dividend increase to $0.45 per share, which will provide a 0.9% dividend yield to shareholders.
• Despite positive earnings, with a report of $1.09 EPS, shares of Cintas are currently down 1.1% today, reflecting broader market movements.

Jones Financial Companies Lllp lifted its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 800.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 171,637 shares of the business services provider's stock after purchasing an additional 152,583 shares during the quarter. Jones Financial Companies Lllp's holdings in Cintas were worth $35,277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crestwood Advisors Group LLC purchased a new position in shares of Cintas in the first quarter valued at $270,000. Pinnacle Financial Partners Inc grew its holdings in shares of Cintas by 3.8% in the first quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider's stock valued at $12,327,000 after purchasing an additional 2,191 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in shares of Cintas by 51.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider's stock valued at $2,049,000 after purchasing an additional 3,404 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Cintas by 25.5% in the first quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider's stock valued at $162,615,000 after purchasing an additional 160,820 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Cintas by 1.0% in the first quarter. Fifth Third Bancorp now owns 605,222 shares of the business services provider's stock valued at $124,391,000 after purchasing an additional 5,784 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Down 1.1%

Shares of CTAS opened at $204.50 on Monday. The company has a market cap of $82.41 billion, a PE ratio of 46.37, a P/E/G ratio of 3.53 and a beta of 1.01. The business has a fifty day moving average of $217.78 and a 200 day moving average of $212.97. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The company has a quick ratio of 1.82, a current ratio of 2.09 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 the consensus estimate of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same period last year, the company earned $3.99 earnings per share. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, sell-side analysts expect that Cintas Corporation will post 4.31 EPS for the current 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 given a dividend of $0.45 per share. 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 dividend payout ratio is 40.82%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CTAS. Morgan Stanley raised their target price 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 upgraded Cintas from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $196.00 to $221.00 in a research report on Tuesday, July 1st. UBS Group raised their price target on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Robert W. Baird raised their price target on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Finally, The Goldman Sachs Group raised their price target on 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, six have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $224.54.

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction 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 in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martin Mucci bought 1,200 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were acquired at an average price 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 approximately $583,303.55. The trade was a 84.45% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 15.00% of the company's stock.

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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