UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 59,162 Shares of Cintas Corporation $CTAS

Key Points

• UBS AM increased its position in Cintas Corporation by 2.1%, acquiring an additional 59,162 shares, bringing its total ownership to 2,877,309 shares valued at approximately $591.37 million.
• In a recent transaction, Director Martin Mucci bought 1,200 shares at $222.55 each, increasing his ownership by 84.45%, while Director Ronald Tysoe sold 5,084 shares.
• Analysts have set a positive outlook for Cintas, with recent target price upgrades from UBS and Goldman Sachs, with an average target price of $224.54 and a consensus rating of "Hold."

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,877,309 shares of the business services provider's stock after purchasing an additional 59,162 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.71% of Cintas worth $591,373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. WPG Advisers LLC purchased a new stake in shares of Cintas during the 1st quarter valued at about $27,000. Saudi Central Bank purchased a new stake in shares of Cintas during the 1st quarter valued at about $29,000. Stone House Investment Management LLC purchased a new stake in shares of Cintas during the 1st quarter valued at about $41,000. Resources Management Corp CT ADV purchased a new stake in Cintas in the 1st quarter worth about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in 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 worth $43,000 after purchasing an additional 181 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Cintas news, Director Martin Mucci bought 1,200 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were purchased at an average cost of $222.55 per share, with a total value of $267,060.00. Following the purchase, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This represents a 84.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 directly owned 21,945 shares in the company, valued at approximately $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. 15.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. UBS Group upped their target price on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Royal Bank Of Canada restated a "sector perform" rating and issued a $240.00 target price on shares of Cintas in a research note on Thursday, August 21st. The Goldman Sachs Group increased their target price on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Cintas in a research note on Monday, July 14th. They issued an "overweight" rating and a $239.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Cintas presently has a consensus rating of "Hold" and an average target price of $224.54.

Cintas Trading Down 0.4%

Shares of Cintas stock opened at $202.07 on Wednesday. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. The firm has a fifty day moving average price of $216.93 and a 200 day moving average price of $212.89. The stock has a market cap of $81.43 billion, a PE ratio of 45.82, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The company had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $2.63 billion. During the same quarter in the previous year, the company earned $3.99 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Equities research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, August 15th. Cintas's payout ratio 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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