Landscape Capital Management L.L.C. Increases Holdings in Cintas Corporation $CTAS

Key Points

• Landscape Capital Management L.L.C. increased its stake in Cintas Corporation by 21.1%, acquiring an additional 2,158 shares and bringing its total holdings to 12,389 shares valued at approximately $2.5 million.
• Cintas recently reported a quarterly earnings record of $1.09 per share, exceeding analyst expectations, and increased its quarterly dividend from $0.39 to $0.45.
• As of the latest reports, 63.46% of Cintas's shares are owned by institutional investors, with various firms, including Nuveen LLC and GAMMA Investing LLC, significantly boosting their positions during the first quarter.

Landscape Capital Management L.L.C. raised its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 21.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 12,389 shares of the business services provider's stock after buying an additional 2,158 shares during the period. Landscape Capital Management L.L.C.'s holdings in Cintas were worth $2,546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Crestwood Advisors Group LLC acquired a new stake in Cintas during the first quarter worth about $270,000. Ameriprise Financial Inc. boosted its position in Cintas by 26.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider's stock worth $407,163,000 after purchasing an additional 468,950 shares in the last quarter. Pinnacle Financial Partners Inc grew its stake in shares of Cintas by 3.8% during the 1st quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider's stock worth $12,327,000 after purchasing an additional 2,191 shares during the period. China Universal Asset Management Co. Ltd. grew its stake in shares of Cintas by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider's stock worth $2,049,000 after purchasing an additional 3,404 shares during the period. Finally, Ensign Peak Advisors Inc increased its holdings in shares of Cintas by 5.2% during the 4th quarter. Ensign Peak Advisors Inc now owns 257,032 shares of the business services provider's stock valued at $46,960,000 after purchasing an additional 12,734 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Analyst Ratings Changes

CTAS has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. The Goldman Sachs Group upped their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada restated a "sector perform" rating and set a $240.00 target price on shares of Cintas in a research report on Thursday, August 21st. UBS Group lifted their price target on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Morgan Stanley upped their price target on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. One investment 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 stock. According to data from MarketBeat.com, Cintas presently has an average rating of "Hold" and an average price target of $224.54.

Cintas Price Performance

Shares of CTAS stock traded up $1.71 on Monday, reaching $210.03. 1,768,762 shares of the company were exchanged, compared to its average volume of 1,713,109. 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 quick ratio of 1.82 and a current ratio of 2.09. The business has a 50-day moving average price of $219.22 and a 200 day moving average price of $212.93. The company has a market cap of $84.64 billion, a price-to-earnings ratio of 47.63, a P/E/G ratio of 3.62 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) 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 company had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.63 billion. During the same period in the previous year, the firm posted $3.99 EPS. Cintas's revenue was up 8.0% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Equities research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

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

Insider Buying and Selling at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Martin Mucci purchased 1,200 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were acquired at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the transaction, the director directly 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 insiders.

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.