Toth Financial Advisory Corp Boosts Stake in Cintas Corporation $CTAS

Key Points

• Toth Financial Advisory Corp increased its stake in Cintas Corporation by 39.7% in Q2, acquiring 1,769 additional shares, bringing its total to 6,221 shares valued at approximately $1.39 million.
• Cintas reported earnings of $1.09 EPS, surpassing estimates, with revenues reaching $2.67 billion for the quarter, reflecting an 8.0% year-over-year increase.
• The company has recently raised its quarterly dividend from $0.39 to $0.45 per share, indicating a dividend yield of 0.9%.

Toth Financial Advisory Corp lifted its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 39.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,221 shares of the business services provider's stock after buying an additional 1,769 shares during the quarter. Toth Financial Advisory Corp's holdings in Cintas were worth $1,386,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. WPG Advisers LLC bought a new stake in Cintas during the 1st quarter worth about $27,000. Saudi Central Bank acquired a new position in Cintas during the 1st quarter worth approximately $29,000. Stone House Investment Management LLC acquired a new position in Cintas during the 1st quarter worth approximately $41,000. Resources Management Corp CT ADV acquired a new position in Cintas during the 1st quarter worth approximately $41,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Cintas by 646.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock valued at $43,000 after buying an additional 181 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

NASDAQ:CTAS traded up $2.46 during trading on Monday, reaching $202.59. The company's stock had a trading volume of 2,784,364 shares, compared to its average volume of 1,743,895. The firm has a market cap of $81.64 billion, a price-to-earnings ratio of 45.94, a price-to-earnings-growth ratio of 3.45 and a beta of 1.01. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. The firm has a 50 day moving average of $214.38 and a 200-day moving average of $212.73. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.02. The firm had revenue of $2.67 billion for 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%.The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Research analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

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

Insider Buying and Selling at Cintas

In related news, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction on Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the transaction, the chief executive officer directly owned 622,712 shares in the company, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Martin Mucci bought 1,200 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were bought at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the transaction, the director directly owned 2,621 shares of the company's stock, valued at $583,303.55. This represents a 84.45% increase in their position. The disclosure for this purchase can be found here. 14.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CTAS shares. JPMorgan Chase & Co. started coverage on Cintas in a report on Monday, July 14th. They set an "overweight" rating and a $239.00 price target for the company. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $196.00 to $221.00 in a research report on Tuesday, July 1st. Robert W. Baird raised their price target on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Royal Bank Of Canada reissued a "sector perform" rating and set a $240.00 target price on shares of Cintas in a research note on Thursday, August 21st. Finally, The Goldman Sachs Group lifted their price target on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Cintas presently has an average rating of "Hold" and an average 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.