Linden Thomas Advisory Services LLC Grows Stake in Cintas Corporation $CTAS

Linden Thomas Advisory Services LLC grew its position in shares of Cintas Corporation (NASDAQ:CTAS) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,001 shares of the business services provider’s stock after purchasing an additional 226 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Cintas were worth $2,006,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Focus Partners Advisor Solutions LLC grew its position in Cintas by 29.7% in the second quarter. Focus Partners Advisor Solutions LLC now owns 6,732 shares of the business services provider’s stock worth $1,500,000 after acquiring an additional 1,541 shares in the last quarter. Keeler Thomas Management LLC purchased a new position in Cintas in the second quarter worth $1,294,000. Sage Mountain Advisors LLC purchased a new position in Cintas in the second quarter worth $322,000. AlphaQuest LLC grew its position in Cintas by 84.7% in the second quarter. AlphaQuest LLC now owns 10,071 shares of the business services provider’s stock worth $2,245,000 after acquiring an additional 4,617 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Cintas by 7.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 976,593 shares of the business services provider’s stock worth $217,653,000 after acquiring an additional 67,599 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions 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 transaction, the chief executive officer directly owned 622,712 shares of the company’s stock, valued at $137,557,080.80. This 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 available at this link. Also, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the completion of the transaction, the director directly owned 21,945 shares of the company’s stock, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank Of Canada cut their target price on shares of 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 boosted their price target on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research note on Friday, September 26th. UBS Group boosted 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. The Goldman Sachs Group boosted their price target on shares of Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Cintas presently has an average rating of “Hold” and an average price target of $222.09.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $190.83 on Friday. The company has a market cap of $76.69 billion, a price-to-earnings ratio of 43.27, a price-to-earnings-growth ratio of 3.30 and a beta of 1.01. The company has a 50-day moving average price of $201.72 and a 200-day moving average price 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. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, equities analysts anticipate that Cintas Corporation will post 4.31 EPS 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 paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. This is a positive change from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. Cintas’s payout ratio 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.