Randolph Co Inc Has $59.39 Million Holdings in Cintas Corporation $CTAS

Key Points

• Randolph Co Inc has increased its stake in Cintas Corporation by 59.8%, now holding $59.39 million worth of shares, making it the company's second-largest holding.
• Several brokerages have raised their price targets for Cintas, with UBS Group increasing theirs from $240 to $255, while Goldman Sachs raised theirs from $233 to $257, both maintaining a "buy" rating.
• Cintas recently increased its quarterly dividend from $0.39 to $0.45 per share, marking a positive change with an annualized yield of 0.9% and a payout ratio of 40.82%.

Randolph Co Inc increased its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 59.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 266,498 shares of the business services provider's stock after buying an additional 99,731 shares during the quarter. Cintas accounts for 6.1% of Randolph Co Inc's investment portfolio, making the stock its 2nd largest holding. Randolph Co Inc owned 0.07% of Cintas worth $59,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. WPG Advisers LLC bought a new position in Cintas in the 1st quarter valued at $27,000. Saudi Central Bank bought a new position in Cintas in the 1st quarter valued at $29,000. Stone House Investment Management LLC bought a new position in Cintas in the 1st quarter valued at $41,000. Resources Management Corp CT ADV bought a new position in Cintas in the 1st quarter valued at $41,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake 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 purchasing an additional 181 shares during the period. Institutional investors own 63.46% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CTAS. UBS Group upped their price objective on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, July 18th. The Goldman Sachs Group upped their price objective on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada reduced their price objective on Cintas from $240.00 to $206.00 and set a "sector perform" rating for the company in a research note on Thursday. Morgan Stanley upped their price objective on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. cut their price target on Cintas from $246.00 to $230.00 and set an "overweight" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Cintas currently has an average rating of "Hold" and a consensus price target of $222.75.

Cintas Stock Up 1.0%

CTAS stock opened at $202.05 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.82 and a current ratio of 2.24. The company has a market capitalization of $81.42 billion, a price-to-earnings ratio of 44.80, a PEG ratio of 3.46 and a beta of 1.01. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The stock has a fifty day moving average of $213.16 and a 200-day moving average of $212.57.

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

Cintas Increases Dividend

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

Insider Buying and Selling

In related news, Director Martin Mucci acquired 1,200 shares of the company's stock in a transaction that occurred on Monday, July 21st. The shares were acquired at an average price 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 trade represents a 84.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 622,712 shares in the company, 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. 14.90% 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.

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