Versor Investments LP Has $722,000 Position in Cintas Corporation $CTAS

Key Points

• Versor Investments LP increased its stake in Cintas Corporation by 139.4% during the first quarter, owning 3,515 shares valued at approximately $722,000.
• Cintas reported earnings of $1.09 EPS, exceeding analysts' expectations, with quarterly revenue reaching $2.67 billion—an 8% year-over-year increase.
• The company recently declared a quarterly dividend increase from $0.39 to $0.45, demonstrating strong financial performance with a dividend yield of 0.8%.

Versor Investments LP raised its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 139.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,515 shares of the business services provider's stock after buying an additional 2,047 shares during the period. Versor Investments LP's holdings in Cintas were worth $722,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new stake in Cintas during the first quarter worth approximately $41,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Cintas by 646.4% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock worth $43,000 after buying an additional 181 shares in the last quarter. Washington Trust Advisors Inc. bought a new stake in Cintas during the first quarter worth approximately $46,000. Greykasell Wealth Strategies Inc. bought a new stake in Cintas during the first quarter worth approximately $46,000. Finally, Wellington Shields & Co. LLC acquired a new position in Cintas in the 1st quarter worth approximately $51,000. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

CTAS traded down $0.52 during trading on Friday, hitting $215.59. The stock had a trading volume of 1,448,772 shares, compared to its average volume of 1,375,107. The firm has a market cap of $86.88 billion, a PE ratio of 48.89, a P/E/G ratio of 3.72 and a beta of 1.03. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52. The company has a 50 day simple moving average of $220.16 and a 200-day simple moving average of $212.69.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter last year, the firm posted $3.99 EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, August 15th. This is a positive change from Cintas's previous quarterly dividend of $0.39. Cintas's payout ratio is presently 40.82%.

Insider Transactions at Cintas

In other news, CEO Todd M. Schneider sold 17,301 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the transaction, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Martin Mucci acquired 1,200 shares of the company's stock in a transaction dated 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 acquisition, the director owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Insiders own 15.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CTAS shares. JPMorgan Chase & Co. initiated coverage on shares of Cintas in a research note on Monday, July 14th. They issued an "overweight" rating and a $239.00 price objective for the company. Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target on the stock. in a report on Thursday, May 1st. Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. Royal Bank Of Canada restated a "sector perform" rating and set a $240.00 price target on shares of Cintas in a report on Thursday. Finally, Morgan Stanley raised their price target on shares of Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Cintas currently has a consensus rating of "Hold" and an average price target of $224.54.

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.