Thurston Springer Miller Herd & Titak Inc. Acquires 4,124 Shares of Cintas Corporation $CTAS

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Cintas Corporation by 16.6% during Q2, owning 28,934 shares worth approximately $6.45 million.
• Cintas reported a quarterly earnings per share of $1.09, surpassing estimates, with a revenue of $2.67 billion, reflecting an 8% year-over-year increase.
• The company has announced a dividend increase to $0.45 per share, payable on September 15, representing a dividend yield of 0.9%.

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 16.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,934 shares of the business services provider's stock after purchasing an additional 4,124 shares during the quarter. Cintas comprises 0.8% of Thurston Springer Miller Herd & Titak Inc.'s holdings, making the stock its 14th largest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in Cintas were worth $6,448,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in Cintas in the first quarter valued at approximately $27,000. Saudi Central Bank acquired a new stake in Cintas in the first quarter valued at approximately $29,000. Stone House Investment Management LLC acquired a new stake in Cintas in the first quarter valued at approximately $41,000. Resources Management Corp CT ADV acquired a new stake in Cintas in the first quarter valued at approximately $41,000. Finally, E Fund Management Hong Kong Co. Ltd. grew 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 period. 63.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on CTAS shares. The Goldman Sachs Group raised their price objective on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $240.00 price objective on shares of Cintas in a research note on Thursday, August 21st. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Robert W. Baird lifted their target price on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Finally, Morgan Stanley lifted their target price on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, Cintas presently has a consensus rating of "Hold" and a consensus target price of $224.54.

Cintas Stock Down 1.0%

Shares of NASDAQ:CTAS opened at $202.37 on Friday. The business's 50 day moving average is $216.03 and its 200 day moving average is $212.85. 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 Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The stock has a market cap of $81.55 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 3.53 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The business had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.63 billion. During the same quarter in the previous year, the firm earned $3.99 earnings per share. The business's revenue was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, sell-side analysts forecast 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 will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be given a $0.45 dividend. This is an increase from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. Cintas's payout ratio is presently 40.82%.

Insiders Place Their Bets

In other Cintas news, Director Martin Mucci acquired 1,200 shares of the business's stock in a transaction on Monday, July 21st. The shares were acquired at an average price of $222.55 per share, with a total value of $267,060.00. Following the completion of the transaction, the director owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ronald W. Tysoe sold 5,084 shares of the business's 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 completion of the transaction, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% 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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