KMG Fiduciary Partners LLC Has $10.29 Million Holdings in Cintas Corporation $CTAS

Key Points

• KMG Fiduciary Partners LLC increased its stake in Cintas Corporation by 3.7% in Q2, holding 46,170 shares valued at $10.29 million.
• Cintas recently announced an increase in its quarterly dividend from $0.39 to $0.45, reflecting a commitment to returning value to shareholders.
• Wall Street analysts have generally rated Cintas favorably, with price targets ranging from $224.54 to $257.00, indicating positive growth expectations for the company.

KMG Fiduciary Partners LLC boosted its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,170 shares of the business services provider's stock after purchasing an additional 1,637 shares during the quarter. KMG Fiduciary Partners LLC's holdings in Cintas were worth $10,290,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CTAS. Brighton Jones LLC lifted its stake in shares of 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 buying an additional 108 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in Cintas by 0.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock worth $93,969,000 after acquiring an additional 3,504 shares during the period. State of Wyoming raised its position in Cintas by 912.2% in the fourth quarter. State of Wyoming now owns 1,822 shares of the business services provider's stock worth $333,000 after acquiring an additional 1,642 shares during the period. Woodline Partners LP bought a new stake in Cintas in the fourth quarter worth about $3,761,000. Finally, Waverly Advisors LLC raised its position in Cintas by 102.1% in the fourth quarter. Waverly Advisors LLC now owns 11,509 shares of the business services provider's stock worth $2,103,000 after acquiring an additional 5,814 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CTAS shares. Robert W. Baird lifted their target price on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $240.00 price target on shares of Cintas in a research note on Thursday, August 21st. JPMorgan Chase & Co. began coverage on shares of Cintas in a research note on Monday, July 14th. They issued an "overweight" rating and a $239.00 price target for the company. The Goldman Sachs Group upped their price objective on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, UBS Group upped their price objective on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $224.54.

Cintas Stock Performance

Shares of CTAS stock opened at $199.98 on Thursday. The company's 50-day moving average is $215.02 and its 200 day moving average is $212.68. 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 capitalization of $80.59 billion, a price-to-earnings ratio of 45.35, a price-to-earnings-growth ratio of 3.44 and a beta of 1.01. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24.

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

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were paid a $0.45 dividend. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas's dividend payout ratio (DPR) is currently 40.82%.

Insider Transactions at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the firm'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 sale, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Martin Mucci bought 1,200 shares of the firm's stock in a transaction on Monday, July 21st. The shares were 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 in the company, valued at $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Company insiders own 15.00% of the company's stock.

Cintas 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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