Franklin Street Advisors Inc. NC Acquires 22,188 Shares of Cintas Corporation $CTAS

Franklin Street Advisors Inc. NC lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 23.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 118,453 shares of the business services provider’s stock after purchasing an additional 22,188 shares during the period. Cintas accounts for about 1.6% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 20th largest position. Franklin Street Advisors Inc. NC’s holdings in Cintas were worth $26,400,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. WPG Advisers LLC bought a new stake in shares of Cintas during the first quarter worth $27,000. Saudi Central Bank bought a new stake in shares of Cintas during the first quarter worth $29,000. Stone House Investment Management LLC bought a new stake in shares of Cintas during the first quarter worth $41,000. Resources Management Corp CT ADV bought a new stake in shares of Cintas during the first quarter worth $41,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of 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 purchasing an additional 181 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CTAS. The Goldman Sachs Group increased 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. Wells Fargo & Company decreased their price target on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cintas in a report on Saturday, September 27th. JPMorgan Chase & Co. decreased their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Finally, UBS Group raised their price target on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cintas presently has a consensus rating of “Hold” and an average target price of $222.09.

Cintas Price Performance

Shares of CTAS opened at $202.61 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The stock has a market cap of $81.65 billion, a P/E ratio of 45.94, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The stock’s 50-day moving average price is $211.00 and its two-hundred day moving average price is $212.99.

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

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. This is an increase from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. Cintas’s dividend payout ratio (DPR) is 40.82%.

Insiders Place Their Bets

In other news, 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 transaction of $3,821,790.90. Following the sale, the chief executive officer owned 622,712 shares of the company’s stock, valued at $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $1,136,121.48. Following the sale, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.90% of the company’s stock.

About Cintas

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.