Sumitomo Mitsui Trust Group Inc. Buys 67,599 Shares of Cintas Corporation $CTAS

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 7.4% during the 2nd quarter, Holdings Channel reports. The fund owned 976,593 shares of the business services provider’s stock after purchasing an additional 67,599 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Cintas were worth $217,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CTAS. Brighton Jones LLC boosted its position in Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 108 shares in the last quarter. Spire Wealth Management boosted its position in shares of Cintas by 14.1% in the 1st quarter. Spire Wealth Management now owns 9,697 shares of the business services provider’s stock worth $1,993,000 after purchasing an additional 1,198 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Cintas in the 1st quarter worth $108,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Cintas by 15.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 291,521 shares of the business services provider’s stock worth $59,916,000 after purchasing an additional 39,334 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Cintas by 48.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 10,928 shares of the business services provider’s stock worth $2,246,000 after purchasing an additional 3,575 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ CTAS opened at $190.83 on Friday. The stock has a 50-day simple moving average of $201.72 and a two-hundred day simple moving average of $212.28. The firm has a market capitalization of $76.69 billion, a P/E ratio of 43.27, a PEG ratio of 3.32 and a beta of 1.01. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The business had revenue of $2.72 billion during 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%.The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

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

Insider Transactions at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction dated 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 completion of the transaction, the director owned 21,945 shares of the company’s stock, valued at approximately $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.

Analyst Ratings Changes

A number of analysts have recently weighed in on CTAS shares. Citigroup raised their price objective on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research report on Friday, September 26th. Morgan Stanley raised their price objective on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. reduced their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Royal Bank Of Canada reduced their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research note on Thursday, September 25th. Finally, UBS Group raised their target price on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Cintas has a consensus rating of “Hold” and an average target price of $222.09.

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.