Sunpointe LLC Makes New $319,000 Investment in Cintas Corporation $CTAS

Sunpointe LLC bought a new position in Cintas Corporation (NASDAQ:CTAS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,430 shares of the business services provider's stock, valued at approximately $319,000.

Other institutional investors and hedge funds also recently modified their holdings 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 during the first quarter valued at about $29,000. Stone House Investment Management LLC purchased a new stake in Cintas during the first quarter worth about $41,000. Resources Management Corp CT ADV bought a new stake in Cintas in the first quarter worth about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in Cintas by 646.4% in 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 acquiring an additional 181 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

NASDAQ:CTAS opened at $199.98 on Thursday. The company has a market capitalization of $80.59 billion, a price-to-earnings ratio of 45.35, a PEG ratio of 3.44 and a beta of 1.01. The business has a 50 day moving average of $215.02 and a 200 day moving average of $212.68. 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 Corporation has a 1-year low of $180.78 and a 1-year high of $229.24.

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

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given a dividend of $0.45 per share. The ex-dividend date was Friday, August 15th. This is a positive change from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas's dividend payout ratio (DPR) is currently 40.82%.

Insider Activity

In related news, Director Martin Mucci acquired 1,200 shares of Cintas stock in a transaction dated Monday, July 21st. The shares were purchased at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the purchase, the director owned 2,621 shares of the company's stock, valued at $583,303.55. This represents a 84.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $3,821,790.90. Following the completion of the sale, the chief executive officer directly owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CTAS shares. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $240.00 price objective on shares of Cintas in a research note on Thursday, August 21st. Robert W. Baird upped their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. JPMorgan Chase & Co. started coverage on shares of Cintas in a research note on Monday, July 14th. They issued an "overweight" rating and a $239.00 target price for the company. Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Finally, Morgan Stanley raised their price objective on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" 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 given a Sell rating to the stock. According to data from MarketBeat, Cintas has a consensus rating of "Hold" and an average 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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