Sumitomo Mitsui DS Asset Management Company Ltd Purchases 1,802 Shares of Cintas Corporation $CTAS

Key Points

• Sumitomo Mitsui DS Asset Management increased its holdings in Cintas Corporation by 2.4%, acquiring an additional 1,802 shares, resulting in a total ownership of 78,300 shares valued at approximately $17.45 million.
• Cintas reported $1.09 earnings per share for the last quarter, exceeding analysts' estimates of $1.07, with year-over-year revenue growth of 8% to $2.67 billion.
• The company announced a quarterly dividend increase from $0.39 to $0.45, representing an annualized payout of $1.80 and a yield of 0.9%, with a payout ratio of 40.82%.

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,300 shares of the business services provider's stock after acquiring an additional 1,802 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Cintas were worth $17,451,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CTAS. Brighton Jones LLC boosted its position in Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock valued at $232,000 after acquiring an additional 108 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Cintas by 0.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock valued at $93,969,000 after purchasing an additional 3,504 shares during the last quarter. State of Wyoming lifted its holdings in shares of Cintas by 912.2% during the fourth quarter. State of Wyoming now owns 1,822 shares of the business services provider's stock valued at $333,000 after purchasing an additional 1,642 shares during the last quarter. Woodline Partners LP purchased a new position in shares of Cintas during the fourth quarter valued at approximately $3,761,000. Finally, Waverly Advisors LLC lifted its holdings in shares of Cintas by 102.1% during the fourth quarter. Waverly Advisors LLC now owns 11,509 shares of the business services provider's stock valued at $2,103,000 after purchasing an additional 5,814 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $199.51 on Friday. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The firm 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. The company has a 50 day moving average of $214.68 and a 200 day moving average of $212.63. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the business earned $3.99 EPS. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. 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 business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given 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 presently 40.82%.

Insiders Place Their Bets

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of Cintas 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 sale, the chief executive officer owned 622,712 shares of the company's stock, 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 is accessible through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction that occurred 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 completion of 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 position. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CTAS shares. 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. The Goldman Sachs Group lifted their target price on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. UBS Group lifted their target price on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, July 18th. Morgan Stanley lifted their target price on shares of Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. 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 equities 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $224.54.

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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