Strs Ohio Makes New Investment in Cintas Corporation $CTAS

Key Points

• Strs Ohio initiated a new investment in Cintas Corporation by acquiring 121,016 shares valued at approximately $24.87 million, marking a significant move in institutional investment.
• Cintas has announced a quarterly dividend of $0.45 per share, up from the previous $0.39, with a dividend yield of 0.9%.
• Shares of Cintas opened at $202.37 and reported earnings of $1.09 per share, exceeding analysts' expectations, with a quarterly revenue of $2.67 billion.

Strs Ohio bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 121,016 shares of the business services provider's stock, valued at approximately $24,872,000.

A number of other large investors have also recently added to or reduced their stakes in CTAS. Nuveen LLC bought a new stake in Cintas during the first quarter worth approximately $1,877,760,000. GAMMA Investing LLC boosted its position 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 purchasing an additional 2,251,629 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position 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 purchasing an additional 573,151 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Cintas by 20.1% during the first quarter. JPMorgan Chase & Co. now owns 2,585,024 shares of the business services provider's stock worth $531,300,000 after buying an additional 432,980 shares during the last quarter. Institutional investors own 63.46% of the company's stock.

Cintas Stock Down 1.0%

Shares of CTAS stock opened at $202.37 on Friday. The stock has a market cap of $81.55 billion, a P/E ratio of 45.89, a price-to-earnings-growth ratio of 3.53 and a beta of 1.01. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The stock has a fifty day moving average price of $216.03 and a 200 day moving average price of $212.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82.

Cintas (NASDAQ:CTAS - Get Free Report) last issued 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. The firm had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%.Cintas's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. This is an increase from Cintas's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, August 15th. Cintas's dividend payout ratio (DPR) is 40.82%.

Insider Buying and Selling at Cintas

In related news, Director Martin Mucci acquired 1,200 shares of the company's stock in a transaction on Monday, July 21st. The stock was purchased at an average cost 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 of the company's stock, valued at $583,303.55. The trade was a 84.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total value of $1,136,121.48. Following the transaction, the director owned 21,945 shares of the company's stock, valued at $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.00% of the company's stock.

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating and set a $240.00 price target on shares of Cintas in a report on Thursday, August 21st. Morgan Stanley upped their price target on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Robert W. Baird upped their price target on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. JPMorgan Chase & Co. initiated coverage on Cintas in a report on Monday, July 14th. They set an "overweight" rating and a $239.00 price target for the company. Finally, UBS Group upped their price target on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price 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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