Cintas Corporation $CTAS Shares Acquired by Wendell David Associates Inc.

Wendell David Associates Inc. grew its stake in Cintas Corporation (NASDAQ:CTAS) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,042 shares of the business services provider’s stock after buying an additional 75 shares during the quarter. Wendell David Associates Inc.’s holdings in Cintas were worth $455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Alpha Financial Partners LLC lifted its holdings in shares of Cintas by 2.9% in the 2nd quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock valued at $357,000 after buying an additional 45 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Cintas by 3.9% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock valued at $258,000 after buying an additional 47 shares during the period. Oarsman Capital Inc. lifted its holdings in shares of Cintas by 3.9% in the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock valued at $272,000 after buying an additional 49 shares during the period. Independent Wealth Network Inc. lifted its holdings in shares of Cintas by 4.8% in the 2nd quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock valued at $240,000 after buying an additional 49 shares during the period. Finally, PDS Planning Inc lifted its holdings in shares of Cintas by 2.0% in the 2nd quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock valued at $559,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CTAS. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. The Goldman Sachs Group upped their price target on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Robert W. Baird upped their price target on Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Morgan Stanley upped their price target on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Finally, UBS Group upped their price target on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, July 18th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $222.09.

Insider Activity

In related news, Director Martin Mucci purchased 1,200 shares of the company’s stock in a transaction dated Monday, July 21st. The stock was acquired at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the transaction, the director directly owned 2,621 shares of the company’s stock, valued at approximately $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd M. Schneider sold 17,301 shares of the company’s 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 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 disclosure for this sale can be found here. Company insiders own 14.90% of the company’s stock.

Cintas Price Performance

NASDAQ:CTAS opened at $188.10 on Friday. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The stock has a 50 day moving average of $204.61 and a two-hundred day moving average of $212.43. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The firm has a market cap of $75.59 billion, a P/E ratio of 42.65, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business earned $1.10 EPS. Cintas’s quarterly 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, analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. Cintas’s dividend payout ratio (DPR) is currently 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.