Turtle Creek Wealth Advisors LLC Buys Shares of 1,551 Cintas Corporation $CTAS

Key Points

• Turtle Creek Wealth Advisors LLC purchased 1,551 shares of Cintas Corporation, valued at approximately $346,000, as noted in their recent 13F filing.
• Analysts provided mixed ratings for Cintas, with one rating it as a Strong Buy, while the average price target is $222.09, reflecting general market confidence.
• Cintas recently increased its quarterly dividend to $0.45 per share, marking a significant raise from the previous $0.39, with an annual yield of 1.0%.

Turtle Creek Wealth Advisors LLC bought a new stake in Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,551 shares of the business services provider's stock, valued at approximately $346,000.

Several other institutional investors have also recently bought and sold shares of the company. Alpha Financial Partners LLC lifted its position in shares of Cintas by 2.9% during the 2nd quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider's stock valued at $357,000 after acquiring an additional 45 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Cintas by 3.9% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider's stock worth $258,000 after buying an additional 47 shares during the last quarter. Oarsman Capital Inc. lifted its position in shares of Cintas by 3.9% during the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider's stock worth $272,000 after buying an additional 49 shares during the last quarter. Independent Wealth Network Inc. lifted its position in shares of Cintas by 4.8% during the 2nd quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider's stock worth $240,000 after buying an additional 49 shares during the last quarter. Finally, PDS Planning Inc lifted its position in shares of Cintas by 2.0% during the 2nd quarter. PDS Planning Inc now owns 2,508 shares of the business services provider's stock worth $559,000 after buying an additional 49 shares during the last quarter. Institutional investors own 63.46% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CTAS. Robert W. Baird upped their price objective on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. dropped their price objective on Cintas from $246.00 to $230.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. UBS Group upped their price objective on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada dropped 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, Weiss Ratings restated a "buy (b)" rating on shares of Cintas in a research report on Wednesday, October 8th. One investment 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 given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $222.09.

Cintas Price Performance

Shares of CTAS opened at $184.36 on Friday. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The business has a 50-day simple moving average of $205.38 and a two-hundred day simple moving average of $212.54. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The stock has a market cap of $74.09 billion, a PE ratio of 41.81, a PEG ratio of 3.24 and a beta of 1.01.

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 for the quarter, beating the consensus estimate of $1.19 by $0.01. The company had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were paid 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 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 15th. Cintas's payout ratio is 40.82%.

Insider Buying and Selling

In other Cintas news, Director Martin Mucci bought 1,200 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The stock was acquired at an average price of $222.55 per share, with a total value of $267,060.00. Following the completion of the purchase, the director directly owned 2,621 shares of the company's stock, valued at approximately $583,303.55. This trade represents a 84.45% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronald W. Tysoe sold 5,084 shares of the firm'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 value of $1,136,121.48. Following the sale, the director directly owned 21,945 shares of the company's stock, valued at $4,904,049.15. This represents a 18.81% decrease in their position. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by insiders.

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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