996 Shares in Cintas Corporation $CTAS Purchased by Investment Advisory Services Inc. TX ADV

Investment Advisory Services Inc. TX ADV acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the second quarter, Holdings Channel reports. The institutional investor acquired 996 shares of the business services provider’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Cintas by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock worth $7,781,223,000 after purchasing an additional 491,307 shares during the last quarter. Nuveen LLC acquired a new position in Cintas in the 1st quarter valued at about $1,877,760,000. Northern Trust Corp grew its position in Cintas by 0.7% in the 1st quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider’s stock valued at $841,749,000 after acquiring an additional 28,469 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cintas by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider’s stock valued at $591,373,000 after acquiring an additional 59,162 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Cintas by 17.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,615,330 shares of the business services provider’s stock valued at $538,303,000 after acquiring an additional 386,721 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of CTAS opened at $204.24 on Monday. The stock has a 50-day simple moving average of $212.81 and a 200-day simple moving average of $212.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The stock has a market capitalization of $82.30 billion, a PE ratio of 46.31, a PEG ratio of 3.53 and a beta of 1.01. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a dividend of $0.45 per share. This is a boost from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s dividend payout ratio is 39.91%.

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction dated 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 owned 21,945 shares of the company’s stock, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $220.90, for a total value 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 trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company’s stock.

Wall Street Analyst Weigh In

CTAS has been the subject of several research reports. Robert W. Baird lifted their target price on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Royal Bank Of Canada dropped their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday. The Goldman Sachs Group lifted 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. Citigroup lifted their target price on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday. Finally, Morgan Stanley lifted their price objective on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $222.09.

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.