OMERS ADMINISTRATION Corp Buys 2,019 Shares of Cintas Corporation $CTAS

Key Points

• OMERS ADMINISTRATION Corp has increased its stake in Cintas Corporation by 9.2%, owning now 23,857 shares worth approximately $4.90 million.
• Cintas plans to pay a quarterly dividend of $0.45 per share starting September 15th, which marks an increase from the previous dividend of $0.39.
• Recent analyst ratings for Cintas include upgrades from firms like Wells Fargo and Goldman Sachs, with price targets increased to as high as $257.00 and an average rating of "Hold".

OMERS ADMINISTRATION Corp grew its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 9.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,857 shares of the business services provider's stock after acquiring an additional 2,019 shares during the period. OMERS ADMINISTRATION Corp's holdings in Cintas were worth $4,903,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CTAS. Nuveen LLC acquired a new stake in Cintas during the 1st quarter worth about $1,877,760,000. GAMMA Investing LLC grew its stake in shares of Cintas by 19,644.3% in the 1st quarter. GAMMA Investing LLC now owns 2,263,091 shares of the business services provider's stock valued at $465,133,000 after buying an additional 2,251,629 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Cintas by 169.7% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider's stock valued at $187,235,000 after buying an additional 573,151 shares during the period. Vanguard Group Inc. grew its stake in shares of Cintas by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock valued at $7,781,223,000 after buying an additional 491,307 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Cintas by 26.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider's stock valued at $407,163,000 after buying an additional 468,950 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of Cintas stock traded down $4.53 during mid-day trading on Tuesday, hitting $205.50. 1,320,313 shares of the stock were exchanged, compared to its average volume of 1,706,021. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The company has a 50-day simple moving average of $219.00 and a 200 day simple moving average of $212.97. 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 company has a market capitalization of $82.81 billion, a P/E ratio of 46.72, a P/E/G ratio of 3.62 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. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The firm had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.63 billion. During the same quarter last year, the firm earned $3.99 EPS. The company's quarterly 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. Sell-side analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on CTAS shares. The Goldman Sachs Group raised their target price on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. started coverage on Cintas in a research note on Monday, July 14th. They issued an "overweight" rating and a $239.00 target price for the company. UBS Group raised their target price on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Royal Bank Of Canada restated a "sector perform" rating and issued a $240.00 target price on shares of Cintas in a research note on Thursday, August 21st. Finally, Morgan Stanley lifted their price target on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. One 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 company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $224.54.

Insider Buying and Selling

In related news, CEO Todd M. Schneider sold 17,301 shares of Cintas 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 sale, the chief executive officer owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Martin Mucci purchased 1,200 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the acquisition, the director directly owned 2,621 shares in the company, valued at $583,303.55. This trade represents 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.