Advisors Capital Management LLC Increases Position in Cintas Corporation $CTAS

Advisors Capital Management LLC increased its stake in Cintas Corporation (NASDAQ:CTAS) by 1.6% in the 1st quarter, Holdings Channel reports. The fund owned 3,867 shares of the business services provider’s stock after buying an additional 62 shares during the quarter. Advisors Capital Management LLC’s holdings in Cintas were worth $795,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC bought a new stake in Cintas in the first quarter worth $270,000. Pinnacle Financial Partners Inc raised its stake in shares of Cintas by 3.8% during the first quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider’s stock valued at $12,327,000 after acquiring an additional 2,191 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its stake in shares of Cintas by 51.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider’s stock valued at $2,049,000 after acquiring an additional 3,404 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Cintas by 25.5% during the first quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock valued at $162,615,000 after acquiring an additional 160,820 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Cintas by 1.0% during the first quarter. Fifth Third Bancorp now owns 605,222 shares of the business services provider’s stock valued at $124,391,000 after acquiring an additional 5,784 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Martin Mucci purchased 1,200 shares of the business’s stock in a transaction dated Monday, July 21st. The shares were purchased at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the acquisition, the director directly owned 2,621 shares in the company, valued at $583,303.55. This represents a 84.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the sale, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.00% of the company’s stock.

Cintas Price Performance

Shares of CTAS opened at $202.37 on Friday. The stock has a market cap of $81.55 billion, a PE ratio of 45.89, a price-to-earnings-growth ratio of 3.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The firm’s 50-day simple moving average is $216.03 and its two-hundred day simple moving average is $212.79.

Cintas (NASDAQ:CTAS) last posted 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 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 analysts’ expectations of $2.63 billion. During the same quarter in the prior year, the company posted $3.99 earnings per share. The business’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. Analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently declared 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. The ex-dividend date is Friday, August 15th. This is a positive change from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s dividend payout ratio is currently 40.82%.

Wall Street Analyst Weigh In

CTAS has been the subject of a number of research reports. Robert W. Baird increased their price target on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. 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 target for the company. Wells Fargo & Company raised shares of Cintas from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $196.00 to $221.00 in a research note on Tuesday, July 1st. The Goldman Sachs Group increased their price target on shares of Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, UBS Group increased their price target 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Cintas has an average rating of “Hold” and an average target price 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.