Signature Estate & Investment Advisors LLC Invests $506,000 in Cintas Corporation $CTAS

Signature Estate & Investment Advisors LLC purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 2,269 shares of the business services provider’s stock, valued at approximately $506,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Cintas in the 1st quarter valued at about $1,877,760,000. Voya Investment Management LLC boosted its holdings in Cintas by 516.8% in the first quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock valued at $175,529,000 after purchasing an additional 715,570 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Cintas by 169.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider’s stock valued at $187,235,000 after purchasing an additional 573,151 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Cintas by 1.3% in the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock valued at $7,781,223,000 after purchasing an additional 491,307 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Cintas by 163.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider’s stock valued at $171,132,000 after purchasing an additional 476,336 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CTAS has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Royal Bank Of Canada lowered their price target on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a report on Thursday, September 25th. UBS Group boosted their price objective on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Robert W. Baird boosted their price objective on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Finally, Citigroup boosted their price objective on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $222.09.

Cintas Price Performance

Cintas stock opened at $192.33 on Tuesday. The business has a 50 day simple moving average of $203.98 and a 200-day simple moving average of $212.50. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The stock has a market capitalization of $77.29 billion, a PE ratio of 43.61, a price-to-earnings-growth ratio of 3.25 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 (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.Cintas’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

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

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 value of $1,136,121.48. Following the transaction, the director directly owned 21,945 shares in the company, valued at $4,904,049.15. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 completion of the transaction, 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 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.