Koshinski Asset Management Inc. Makes New Investment in Cintas Corporation $CTAS

Koshinski Asset Management Inc. purchased a new position in Cintas Corporation (NASDAQ:CTAS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,350 shares of the business services provider's stock, valued at approximately $747,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nicholson Wealth Management Group LLC grew its stake in Cintas by 11.0% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,423 shares of the business services provider's stock worth $1,431,000 after buying an additional 635 shares in the last quarter. Chevy Chase Trust Holdings LLC grew its stake in Cintas by 0.8% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 181,931 shares of the business services provider's stock worth $40,547,000 after buying an additional 1,433 shares in the last quarter. Angeles Wealth Management LLC grew its stake in Cintas by 13.1% in the 2nd quarter. Angeles Wealth Management LLC now owns 9,147 shares of the business services provider's stock worth $2,039,000 after buying an additional 1,062 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services grew its stake in Cintas by 2.7% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 13,380 shares of the business services provider's stock worth $2,982,000 after buying an additional 355 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management purchased a new position in Cintas in the 2nd quarter worth approximately $420,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Analysts Set New Price Targets

CTAS has been the subject of a number of research reports. Citigroup upped their price objective on shares of Cintas from $172.00 to $176.00 and gave the company a "sell" rating in a research note on Friday, September 26th. 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cintas in a research note on Wednesday, October 8th. Robert W. Baird upped their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada cut their price objective on shares of Cintas from $240.00 to $206.00 and set a "sector perform" rating for the company in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Cintas has an average rating of "Hold" and a consensus target price of $222.09.

Insider Buying and Selling

In other news, CEO Todd M. Schneider sold 17,301 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 622,712 shares of the company's stock, valued at $137,557,080.80. The trade was a 2.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total value 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 represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.90% of the company's stock.

Cintas Stock Up 2.0%

Shares of NASDAQ CTAS opened at $188.10 on Monday. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The firm has a market capitalization of $75.59 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. The firm has a fifty day simple moving average of $204.61 and a two-hundred day simple moving average of $212.49.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the business earned $1.10 EPS. The company's revenue for the quarter was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Cintas's previous quarterly dividend of $0.39. Cintas's payout ratio is presently 40.82%.

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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