Signal Advisors Wealth LLC Has $897,000 Holdings in Cintas Corporation $CTAS

Key Points

• Signal Advisors Wealth LLC increased its holdings in Cintas Corporation by 127.7% during Q2, bringing its total value to $897,000.
• Cintas reported earnings of $1.09 per share for the last quarter, beating estimates, with a revenue of $2.67 billion, marking an 8% year-over-year increase.
• The company has raised its quarterly dividend from $0.39 to $0.45, reflecting a 0.9% yield and a proposed annual payout of $1.80.

Signal Advisors Wealth LLC lifted its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 127.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,026 shares of the business services provider's stock after acquiring an additional 2,258 shares during the period. Signal Advisors Wealth LLC's holdings in Cintas were worth $897,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CTAS. Nuveen LLC acquired a new position in shares of Cintas in the first quarter valued at about $1,877,760,000. GAMMA Investing LLC grew its stake in Cintas by 19,644.3% during the first quarter. GAMMA Investing LLC now owns 2,263,091 shares of the business services provider's stock worth $465,133,000 after buying an additional 2,251,629 shares in the last quarter. Voya Investment Management LLC grew its stake in 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 buying an additional 715,570 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in 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 buying an additional 573,151 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in 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 buying an additional 491,307 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Trading Down 0.2%

CTAS opened at $199.51 on Friday. The company's 50 day moving average is $214.68 and its 200-day moving average is $212.63. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52. The company has a market cap of $80.40 billion, a P/E ratio of 45.24, a PEG ratio of 3.45 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.02. The business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Equities research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors 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 was Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas's dividend payout ratio (DPR) is 40.82%.

Insider Activity at Cintas

In related news, CEO Todd M. Schneider sold 17,301 shares of the firm'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 owned 622,712 shares in the company, valued at $137,557,080.80. This trade represents a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin Mucci purchased 1,200 shares of the stock in a transaction on Monday, July 21st. The shares were purchased 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 in the company, valued at approximately $583,303.55. The trade was a 84.45% increase in their position. The disclosure for this purchase can be found here. 15.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group increased their price objective on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. The Goldman Sachs Group increased their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Morgan Stanley increased their price objective on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Robert W. Baird raised their price target on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cintas currently has an average rating of "Hold" and a consensus price target of $224.54.

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.

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