Robeco Institutional Asset Management B.V. Has $171.13 Million Stock Position in Cintas Corporation $CTAS

Key Points

• Robeco Institutional Asset Management B.V. increased its position in Cintas Corporation by 163.4% during the second quarter, owning 767,857 shares valued at approximately $171.13 million.
• Several analysts have upgraded their target prices for Cintas, with UBS raising its target from $240 to $255 and Goldman Sachs from $233 to $257, indicating strong market confidence in the stock.
• Cintas reported earnings of $1.20 per share for the recent quarter, beating estimates and marking an 8.7% year-over-year revenue increase.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 163.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 767,857 shares of the business services provider's stock after acquiring an additional 476,336 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.19% of Cintas worth $171,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. WPG Advisers LLC purchased a new position in Cintas during the first quarter valued at approximately $27,000. Saudi Central Bank purchased a new position in shares of Cintas during the 1st quarter valued at $29,000. Stone House Investment Management LLC acquired a new position in shares of Cintas in the first quarter worth $41,000. Resources Management Corp CT ADV purchased a new stake in shares of Cintas during the first quarter worth $41,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in Cintas by 646.4% during the first 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 last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on CTAS shares. UBS Group upped their target price on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Morgan Stanley raised their price objective on shares of Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Wells Fargo & Company reduced their target price on shares of Cintas from $221.00 to $218.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Robert W. Baird increased their price target on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Finally, The Goldman Sachs Group raised their price target on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $222.09.

Cintas Trading Down 0.8%

Cintas stock opened at $203.64 on Thursday. 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 firm has a market capitalization of $82.06 billion, a PE ratio of 46.18, a PEG ratio of 3.54 and a beta of 1.01. The business's 50-day simple moving average is $211.82 and its 200-day simple moving average is $212.87.

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

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were 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 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 39.91%.

Insider Buying and Selling at Cintas

In other news, CEO Todd M. Schneider sold 17,301 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the transaction, the chief executive officer owned 622,712 shares in the company, 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 the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the transaction, the director directly owned 21,945 shares of the company's stock, valued at $4,904,049.15. This represents a 18.81% decrease in their position. The disclosure for this sale can be found here. Insiders own 14.90% of the company's stock.

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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