Kera Capital Partners Inc. Invests $541,000 in Cintas Corporation $CTAS

Key Points

• Kera Capital Partners Inc. invested $541,000 in Cintas Corporation, acquiring 2,428 shares during the second quarter.
• Cintas recently announced an increased quarterly dividend of $0.45 per share, up from $0.39, reflecting a commitment to returning value to shareholders.
• The company's earnings report indicated a revenue growth of 8.0% year-over-year, with reported earnings per share of $1.09, surpassing analysts' expectations.

Kera Capital Partners Inc. bought a new position in Cintas Corporation (NASDAQ:CTAS - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,428 shares of the business services provider's stock, valued at approximately $541,000.

A number of other institutional investors have also recently modified their holdings of the stock. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Cintas by 3.9% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider's stock worth $258,000 after acquiring an additional 47 shares during the last quarter. Oarsman Capital Inc. grew its stake in shares of Cintas by 3.9% in the first quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider's stock worth $272,000 after acquiring an additional 49 shares during the last quarter. Truvestments Capital LLC grew its stake in shares of Cintas by 17.4% in the first quarter. Truvestments Capital LLC now owns 338 shares of the business services provider's stock worth $69,000 after acquiring an additional 50 shares during the last quarter. Kathmere Capital Management LLC grew its stake in shares of Cintas by 4.1% in the first quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider's stock worth $266,000 after acquiring an additional 51 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in shares of Cintas by 4.1% during the first quarter. Pinnacle Associates Ltd. now owns 1,291 shares of the business services provider's stock valued at $265,000 after buying an additional 51 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Down 1.0%

CTAS stock opened at $202.37 on Friday. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The business's 50-day moving average is $216.03 and its two-hundred day moving average is $212.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. The company has a market cap of $81.55 billion, a price-to-earnings ratio of 45.89, a P/E/G ratio of 3.53 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the prior year, the company earned $3.99 earnings per share. Cintas's revenue 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 forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

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

Insider Buying and Selling at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $220.90, for a total value of $3,821,790.90. Following the transaction, the chief executive officer owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin Mucci bought 1,200 shares of the stock in a transaction on Monday, July 21st. The stock was purchased at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the acquisition, the director owned 2,621 shares of the company's stock, valued at $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. 15.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Morgan Stanley increased their price objective on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. assumed coverage on Cintas in a research report on Monday, July 14th. They set an "overweight" rating and a $239.00 price objective on the stock. Robert W. Baird increased their price objective on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $240.00 price objective on shares of Cintas in a research report on Thursday, August 21st. Finally, The Goldman Sachs Group increased their price objective on Cintas from $233.00 to $257.00 and gave the company 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 issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.