Lynch & Associates IN Makes New $779,000 Investment in Cintas Corporation $CTAS

Key Points

• Lynch & Associates IN has acquired a new stake in Cintas Corporation, investing approximately $779,000 for 3,497 shares during the 2nd quarter.
• Several hedge funds have increased their positions in Cintas, indicating strong institutional interest, with 63.46% of the stock owned by institutional investors.
• Cintas recently raised its quarterly dividend from $0.39 to $0.45 per share, signaling a positive outlook for shareholders.

Lynch & Associates IN bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,497 shares of the business services provider's stock, valued at approximately $779,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley upped their price target 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. JPMorgan Chase & Co. assumed coverage on shares of Cintas in a report on Monday, July 14th. They set an "overweight" rating and a $239.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada restated a "sector perform" rating and set a $240.00 price target on shares of Cintas in a report on Thursday, August 21st. Finally, UBS Group upped their price target on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, July 18th. 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $224.54.

Cintas Stock Down 1.0%

Shares of CTAS opened at $200.59 on Wednesday. The stock has a market cap of $80.83 billion, a price-to-earnings ratio of 45.49, a P/E/G ratio of 3.49 and a beta of 1.01. 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 Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The company has a 50-day moving average price of $213.84 and a two-hundred day moving average price of $212.64.

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

Cintas Increases Dividend

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

Insider Transactions at Cintas

In other 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 completion of the sale, the chief executive officer owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Martin Mucci acquired 1,200 shares of the company's stock in a transaction dated Monday, July 21st. The shares were purchased at an average cost of $222.55 per share, with a total value of $267,060.00. Following the acquisition, the director owned 2,621 shares of the company's stock, valued at approximately $583,303.55. This represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Company insiders own 14.90% 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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