Turning Point Benefit Group Inc. Invests $353,000 in Cintas Corporation $CTAS

Key Points

• Turning Point Benefit Group Inc. has invested approximately $353,000 in Cintas Corporation by acquiring 1,585 shares during the second quarter.
• Wall Street analysts have shown mixed sentiments towards Cintas, with price targets ranging from $176.00 (Citigroup, sell rating) to $257.00 (Goldman Sachs, buy rating).
• Cintas has announced an increase in its quarterly dividend from $0.39 to $0.45 per share, resulting in a dividend yield of 0.9%.

Turning Point Benefit Group Inc. purchased a new stake in Cintas Corporation (NASDAQ:CTAS - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,585 shares of the business services provider's stock, valued at approximately $353,000.

Several other institutional investors also recently bought and sold shares of the company. Crestwood Advisors Group LLC purchased a new position in shares of Cintas in the first quarter valued at approximately $270,000. Pinnacle Financial Partners Inc raised its stake in Cintas by 3.8% in the 1st quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider's stock valued at $12,327,000 after purchasing an additional 2,191 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in Cintas by 51.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider's stock valued at $2,049,000 after purchasing an additional 3,404 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Cintas by 25.5% during the 1st quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider's stock worth $162,615,000 after purchasing an additional 160,820 shares during the last quarter. Finally, Merit Financial Group LLC grew its stake in Cintas by 11.2% during the 2nd quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider's stock valued at $3,225,000 after acquiring an additional 1,459 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their price objective on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. reduced their target price on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Citigroup lifted their price target on shares of Cintas from $172.00 to $176.00 and gave the company a "sell" rating in a research report on Friday, September 26th. Royal Bank Of Canada lowered their price objective on Cintas from $240.00 to $206.00 and set a "sector perform" rating for the company in a research report on Thursday, September 25th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Cintas presently has an average rating of "Hold" and an average price target of $222.09.

Insiders Place Their Bets

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction dated 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 sale, the chief executive officer owned 622,712 shares in the company, valued at $137,557,080.80. This represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald W. Tysoe sold 5,084 shares of the company's 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 sale, the director owned 21,945 shares in the company, valued at $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by corporate insiders.

Cintas Price Performance

CTAS opened at $195.46 on Thursday. The stock's 50-day moving average price is $202.81 and its 200 day moving average price is $212.26. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The firm has a market cap of $78.55 billion, a price-to-earnings ratio of 44.08, a PEG ratio of 3.40 and a beta of 1.01. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter in the prior year, the company earned $1.10 earnings per share. The business's quarterly revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, sell-side analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a dividend of $0.45 per share. This is an increase from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Cintas's dividend payout ratio is currently 40.82%.

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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