Virtu Financial LLC Acquires Shares of 2,141 Cintas Corporation $CTAS

Key Points

• Virtu Financial LLC has acquired a new position in Cintas Corporation, purchasing 2,141 shares valued at approximately $440,000 during the first quarter.
• Cintas recently announced an increase in its quarterly dividend to $0.45 per share, up from $0.39, with the ex-dividend date set for August 15th.
• Shares of Cintas traded down 2.2% on the latest trading day, closing at $216.55, while the company reported an earnings per share (EPS) of $1.09, beating estimates.

Virtu Financial LLC bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,141 shares of the business services provider's stock, valued at approximately $440,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its stake in Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock valued at $232,000 after purchasing an additional 108 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in Cintas by 0.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock worth $93,969,000 after purchasing an additional 3,504 shares during the period. Mariner LLC boosted its position in shares of Cintas by 0.6% during the 4th quarter. Mariner LLC now owns 105,620 shares of the business services provider's stock valued at $19,297,000 after acquiring an additional 590 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Cintas during the 4th quarter valued at about $215,000. Finally, Bridgewater Associates LP purchased a new position in shares of Cintas during the 4th quarter valued at about $208,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction that occurred on 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 directly owned 622,712 shares in the company, valued at $137,557,080.80. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the sale, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.00% of the company's stock.

Cintas Price Performance

Shares of NASDAQ CTAS traded up $1.2750 during mid-day trading on Tuesday, reaching $215.5550. The company's stock had a trading volume of 427,517 shares, compared to its average volume of 1,674,843. The firm has a market capitalization of $86.86 billion, a PE ratio of 48.88, a P/E/G ratio of 3.73 and a beta of 1.03. 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 stock has a fifty day moving average of $220.65 and a two-hundred day moving average of $212.30. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24.

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

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, August 15th. This is a boost from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. Cintas's dividend payout ratio is currently 40.82%.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of research reports. Morgan Stanley raised their price objective on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. UBS Group lifted 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. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $196.00 to $221.00 in a research report on Tuesday, July 1st. The Goldman Sachs Group lifted their price target on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Redburn Atlantic downgraded Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price on the stock. in a report on Thursday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $224.54.

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.