Morningstar Investment Management LLC Invests $692,000 in Cintas Corporation $CTAS

Key Points

• Morningstar Investment Management LLC has invested approximately $692,000 in Cintas Corporation by purchasing 3,105 shares during the second quarter.
• Cintas reported a quarterly earnings per share (EPS) of $1.20, beating estimates, and has raised its FY 2026 guidance to an EPS of 4.740-4.86.
• The company announced a dividend increase to $0.45 per share, reflecting an annual yield of 1.0%, up from the previous dividend of $0.39.

Morningstar Investment Management LLC purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,105 shares of the business services provider's stock, valued at approximately $692,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CTAS. Nuveen LLC bought a new stake in shares of Cintas during the first quarter worth about $1,877,760,000. Voya Investment Management LLC grew its holdings in shares of Cintas by 516.8% during the first quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider's stock worth $175,529,000 after purchasing an additional 715,570 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Cintas by 169.7% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider's stock worth $187,235,000 after purchasing an additional 573,151 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Cintas by 1.3% during the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock worth $7,781,223,000 after purchasing an additional 491,307 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Cintas by 163.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider's stock worth $171,132,000 after purchasing an additional 476,336 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

Shares of CTAS opened at $187.94 on Tuesday. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The business's 50 day moving average price is $207.59 and its two-hundred day moving average price is $213.04. The firm has a market cap of $75.53 billion, a PE ratio of 42.62, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01.

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

Cintas Increases Dividend

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

Insider Buying and Selling at Cintas

In other Cintas news, 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 transaction, the director directly owned 21,945 shares of the company's stock, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of the business'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 value of $3,821,790.90. Following the completion of the transaction, the chief executive officer directly owned 622,712 shares in the company, valued at approximately $137,557,080.80. This trade represents a 2.70% 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.

Analyst Upgrades and Downgrades

CTAS has been the topic of several research reports. Morgan Stanley boosted 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. The Goldman Sachs Group upped their target price on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Wells Fargo & Company reduced their target price on Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Robert W. Baird upped their target price on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. reduced their target price on Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $222.09.

About Cintas

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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