Fiduciary Financial Group LLC Purchases New Shares in Cintas Corporation $CTAS

Fiduciary Financial Group LLC bought a new stake in Cintas Corporation (NASDAQ:CTAS) in the second quarter, HoldingsChannel reports. The firm bought 902 shares of the business services provider’s stock, valued at approximately $202,000.

Several other hedge funds have also bought and sold shares of CTAS. WPG Advisers LLC purchased a new position in Cintas during the first quarter valued at $27,000. Saudi Central Bank bought a new position in shares of Cintas during the first quarter valued at $29,000. Stone House Investment Management LLC purchased a new position in shares of Cintas in the 1st quarter worth about $41,000. Resources Management Corp CT ADV bought a new position in Cintas in the 1st quarter worth about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Cintas by 646.4% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of CTAS opened at $202.37 on Friday. The firm has a market cap of $81.55 billion, a PE ratio of 45.89, a P/E/G ratio of 3.53 and a beta of 1.01. 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 firm has a fifty day simple moving average of $216.03 and a two-hundred day simple moving average of $212.85. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24.

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

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from Cintas’s previous quarterly dividend of $0.39. Cintas’s payout ratio is currently 40.82%.

Analysts Set New Price Targets

CTAS has been the subject of several recent analyst reports. UBS Group lifted their target price on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Wells Fargo & Company upgraded shares of Cintas from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. Robert W. Baird upped their price objective on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. The Goldman Sachs Group lifted their target price on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, Morgan Stanley boosted their price target on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Cintas currently has an average rating of “Hold” and an average target price of $224.54.

Insider Transactions at Cintas

In related news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were 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 approximately $137,557,080.80. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Martin Mucci bought 1,200 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The shares were acquired at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the purchase, the director directly owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Company insiders own 15.00% of the company’s stock.

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.