Vanguard Personalized Indexing Management LLC Has $15.12 Million Stock Holdings in Cintas Corporation $CTAS

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 16.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,820 shares of the business services provider’s stock after buying an additional 9,467 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Cintas were worth $15,117,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Pinnacle Wealth Management Advisory Group LLC increased its position in Cintas by 3.9% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock worth $258,000 after buying an additional 47 shares during the last quarter. Oarsman Capital Inc. increased its position in Cintas by 3.9% during the first quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock worth $272,000 after buying an additional 49 shares during the last quarter. Independent Wealth Network Inc. increased its position in Cintas by 4.8% during the second quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock worth $240,000 after buying an additional 49 shares during the last quarter. PDS Planning Inc increased its position in Cintas by 2.0% during the second quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock worth $559,000 after buying an additional 49 shares during the last quarter. Finally, Truvestments Capital LLC increased its position in Cintas by 17.4% during the first quarter. Truvestments Capital LLC now owns 338 shares of the business services provider’s stock worth $69,000 after buying an additional 50 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several analyst reports. UBS Group increased their target price on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. The Goldman Sachs Group upped their price target on shares of Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Citigroup upped their price target on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. Royal Bank Of Canada decreased their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a report on Thursday, September 25th. Finally, Robert W. Baird upped their price target on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $222.09.

Cintas Stock Down 2.0%

NASDAQ CTAS opened at $187.96 on Friday. 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 firm has a 50-day simple moving average of $208.33 and a 200 day simple moving average of $213.10. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The stock has a market cap of $75.53 billion, a PE ratio of 42.62, a PEG ratio of 3.25 and a beta of 1.01.

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

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were paid a $0.45 dividend. The ex-dividend date was Friday, August 15th. This is a boost from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Cintas’s dividend payout ratio is 40.82%.

Insider Activity at Cintas

In related news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction dated 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 owned 622,712 shares in the company, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin Mucci bought 1,200 shares of Cintas stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average price of $222.55 per share, with a total value of $267,060.00. Following the purchase, the director owned 2,621 shares of the company’s stock, valued at $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. 14.90% of the stock is owned by corporate insiders.

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.