Quantbot Technologies LP Invests $22.11 Million in Cintas Corporation $CTAS

Key Points

• Quantbot Technologies LP acquired 107,556 shares of Cintas Corporation, valued at approximately $22.1 million, making it the 7th largest holding in its portfolio.
• Cintas recently increased its quarterly dividend from $0.39 to $0.45 per share, representing an annualized yield of 0.8%.
• The company's quarterly earnings beat expectations, reporting $1.09 EPS and $2.67 billion in revenue, with an anticipated EPS of 4.31 for the current fiscal year.

Quantbot Technologies LP purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 107,556 shares of the business services provider's stock, valued at approximately $22,106,000. Cintas accounts for approximately 0.7% of Quantbot Technologies LP's holdings, making the stock its 7th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Stone House Investment Management LLC purchased a new stake in shares of Cintas during the 1st quarter valued at approximately $41,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Cintas by 646.4% during 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 period. Washington Trust Advisors Inc. acquired a new stake in Cintas in the 1st quarter valued at approximately $46,000. Greykasell Wealth Strategies Inc. acquired a new stake in Cintas in the 1st quarter valued at approximately $46,000. Finally, Wellington Shields & Co. LLC acquired a new stake in Cintas in the 1st quarter valued at approximately $51,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price for the company. in a report on Thursday, May 1st. JPMorgan Chase & Co. assumed coverage on shares of Cintas in a report on Monday, July 14th. They issued an "overweight" rating and a $239.00 target price for the company. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $240.00 target price on shares of Cintas in a report on Thursday. Finally, Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $224.54.

Insiders Place Their Bets

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the company's stock in a transaction on Monday, July 21st. The stock was acquired at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the purchase, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. The trade was a 84.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction 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 sale, 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 disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Cintas Stock Down 0.2%

Shares of NASDAQ:CTAS traded down $0.52 during trading on Friday, hitting $215.59. The company's stock had a trading volume of 1,448,772 shares, compared to its average volume of 1,356,395. The business has a 50 day moving average price of $220.16 and a two-hundred day moving average price of $212.56. The company has a market capitalization of $86.88 billion, a PE ratio of 48.89, a P/E/G ratio of 3.73 and a beta of 1.03. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly 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 net margin of 17.53% and a return on equity of 41.21%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, research analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. This is a positive change from Cintas's previous quarterly dividend of $0.39. The ex-dividend date is Friday, August 15th. Cintas's payout ratio is presently 40.82%.

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.