REAP Financial Group LLC Boosts Holdings in Cintas Corporation $CTAS

REAP Financial Group LLC increased its holdings in Cintas Corporation (NASDAQ:CTAS) by 161.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 462 shares of the business services provider’s stock after acquiring an additional 285 shares during the quarter. REAP Financial Group LLC’s holdings in Cintas were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crestwood Advisors Group LLC purchased a new position in shares of Cintas in the first quarter worth approximately $270,000. Pinnacle Financial Partners Inc boosted its holdings in shares of Cintas by 3.8% in the first quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider’s stock worth $12,327,000 after buying an additional 2,191 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Cintas by 51.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider’s stock worth $2,049,000 after buying an additional 3,404 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Cintas by 25.5% in the first quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock worth $162,615,000 after buying an additional 160,820 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Cintas by 1.0% in the first quarter. Fifth Third Bancorp now owns 605,222 shares of the business services provider’s stock worth $124,391,000 after buying an additional 5,784 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Insider Activity

In related news, CEO Todd M. Schneider sold 17,301 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the business’s stock in a transaction on 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 completion of the sale, the director owned 21,945 shares in the company, valued at $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.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of research reports. The Goldman Sachs Group raised their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Citigroup raised their target price on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research note on Friday, September 26th. Morgan Stanley raised their target price on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Robert W. Baird raised their target price 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. Finally, Wells Fargo & Company decreased their target price on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Cintas presently has a consensus rating of “Hold” and a consensus price target of $222.09.

Cintas Trading Up 0.1%

Cintas stock opened at $199.17 on Wednesday. The stock has a market cap of $80.26 billion, a P/E ratio of 45.16, a PEG ratio of 3.44 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The firm’s 50 day moving average price is $210.10 and its 200-day moving average price is $213.19.

Cintas (NASDAQ:CTAS) last released 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 firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. 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 fiscal year.

Cintas Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, August 15th. This is an increase from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is 40.82%.

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.