Balboa Wealth Partners Makes New $208,000 Investment in Cintas Corporation $CTAS

Balboa Wealth Partners bought a new position in Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 933 shares of the business services provider’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Chicago Partners Investment Group LLC raised its holdings in Cintas by 20.4% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,257 shares of the business services provider’s stock worth $499,000 after acquiring an additional 382 shares during the last quarter. Wendell David Associates Inc. boosted its stake in Cintas by 3.8% during the 2nd quarter. Wendell David Associates Inc. now owns 2,042 shares of the business services provider’s stock valued at $455,000 after purchasing an additional 75 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Cintas during the 2nd quarter valued at $214,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Cintas in the 2nd quarter worth $33,333,000. Finally, Signature Estate & Investment Advisors LLC purchased a new position in shares of Cintas in the second quarter worth $506,000. Institutional investors own 63.46% of the company’s stock.

Insider Activity at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were 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 approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $3,821,790.90. Following the sale, the chief executive officer directly owned 622,712 shares of the company’s stock, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by company insiders.

Cintas Stock Up 2.2%

CTAS stock opened at $196.49 on Wednesday. The company has a market cap of $78.96 billion, a price-to-earnings ratio of 44.56, a P/E/G ratio of 3.32 and a beta of 1.01. 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 business’s 50-day moving average is $203.44 and its two-hundred day moving average is $212.39. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the company posted $1.10 EPS. The business’s quarterly 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. As a group, analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The firm 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 is an increase from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Cintas’s dividend payout ratio is currently 40.82%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered 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. Royal Bank Of Canada decreased their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday, September 25th. Citigroup upped their target price on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. UBS Group lifted their price target on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Morgan Stanley boosted their price objective on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $222.09.

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.