Twin Tree Management LP Purchases Shares of 35,809 Cintas Corporation $CTAS

Key Points

• Twin Tree Management LP acquired 35,809 shares of Cintas Corporation, worth approximately $7.98 million, indicating strong interest from institutional investors.
• Cintas recently increased its quarterly dividend from $0.39 to $0.45 per share, reflecting a commitment to returning value to shareholders.
• Wall Street analysts maintain a consensus rating of "Hold"** for Cintas, with target prices ranging from $176 to $230, suggesting varying expectations for the stock's future performance.

Twin Tree Management LP bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 35,809 shares of the business services provider's stock, valued at approximately $7,981,000.

A number of other hedge funds have also recently bought and sold shares of CTAS. Brighton Jones LLC raised its position in shares of Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after purchasing an additional 108 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Cintas by 75.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 221,026 shares of the business services provider's stock worth $45,428,000 after buying an additional 95,244 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in Cintas in the 1st quarter worth approximately $232,000. Sowell Financial Services LLC bought a new position in Cintas in the 1st quarter worth approximately $627,000. Finally, Sagespring Wealth Partners LLC grew its holdings in Cintas by 38.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 3,396 shares of the business services provider's stock worth $698,000 after buying an additional 937 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Insiders Place Their Bets

In other 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 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 $137,557,080.80. This represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the transaction, the director owned 21,945 shares in the company, valued at $4,904,049.15. This trade represents a 18.81% decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CTAS. Weiss Ratings restated a "buy (b)" rating on shares of Cintas in a research report on Wednesday, October 8th. Morgan Stanley upped their target price on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Robert W. Baird upped their price target on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Wells Fargo & Company dropped their price target on Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Finally, Citigroup upped their price target on Cintas from $172.00 to $176.00 and gave the company a "sell" rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Cintas currently has a consensus rating of "Hold" and an average target price of $222.09.

Cintas Price Performance

Shares of Cintas stock opened at $187.45 on Thursday. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The company has a market cap of $75.33 billion, a PE ratio of 42.51, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The firm has a fifty day moving average price of $206.16 and a two-hundred day moving average price of $212.69.

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

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 1.0%. This is an increase from Cintas's previous quarterly dividend of $0.39. Cintas's dividend payout ratio (DPR) is presently 40.82%.

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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