MBB Public Markets I LLC Purchases New Shares in Cintas Corporation $CTAS

Key Points

• MBB Public Markets I LLC has acquired 1,557 shares of Cintas Corporation (NASDAQ: CTAS), valued at approximately $320,000, showcasing growing institutional interest in the company.
• Cintas recently reported a net margin of 17.53% and revenue growth of 8.0% year-over-year, outperforming analysts' earnings expectations.
• The company is increasing its quarterly dividend from $0.39 to $0.45 per share, reflecting a commitment to returning value to shareholders.

MBB Public Markets I LLC acquired a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,557 shares of the business services provider's stock, valued at approximately $320,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTAS. WPG Advisers LLC acquired a new stake in Cintas in the 1st quarter valued at approximately $27,000. Saudi Central Bank acquired a new stake in Cintas in the 1st quarter valued at approximately $29,000. Stone House Investment Management LLC acquired a new stake in Cintas in the 1st quarter valued at approximately $41,000. Resources Management Corp CT ADV acquired a new stake in Cintas in the 1st quarter valued at approximately $41,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in Cintas by 646.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock valued at $43,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Performance

Shares of CTAS stock traded down $2.13 during mid-day trading on Friday, reaching $202.37. The stock had a trading volume of 1,371,284 shares, compared to its average volume of 1,933,127. The firm's 50 day simple moving average is $216.03 and its 200 day simple moving average is $212.79. 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 one year low of $180.78 and a one year high of $229.24. The firm has a market cap of $81.55 billion, a PE 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 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%.Cintas's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be given a dividend of $0.45 per share. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date is Friday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas's dividend payout ratio is 40.82%.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $240.00 target price on shares of Cintas in a report on Thursday, August 21st. JPMorgan Chase & Co. initiated coverage on Cintas in a report on Monday, July 14th. They issued an "overweight" rating and a $239.00 target price on the stock. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. Morgan Stanley raised their price objective on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, UBS Group raised their price objective on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. One investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $224.54.

Insider Buying and Selling

In related news, Director Ronald W. Tysoe sold 5,084 shares of the firm'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 transaction of $1,136,121.48. Following the completion of the transaction, the director owned 21,945 shares in the company, valued at $4,904,049.15. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the firm'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 transaction, the chief executive officer owned 622,712 shares of the company's stock, valued at $137,557,080.80. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by corporate insiders.

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.