Resonant Capital Advisors LLC Increases Stock Position in Cintas Corporation $CTAS

Resonant Capital Advisors LLC lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 19.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,105 shares of the business services provider’s stock after buying an additional 346 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Cintas were worth $469,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in Cintas during the 1st quarter worth about $1,877,760,000. Voya Investment Management LLC raised its position in Cintas by 516.8% during 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 raised its holdings in shares of Cintas by 169.7% during the 1st 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 buying an additional 573,151 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Cintas by 1.3% during the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock worth $7,781,223,000 after acquiring an additional 491,307 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Cintas by 163.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider’s stock worth $171,132,000 after purchasing an additional 476,336 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CTAS shares. Morgan Stanley boosted their target price on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. UBS Group boosted their price objective on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Robert W. Baird boosted their price target on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Wells Fargo & Company reduced their price target on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, Royal Bank Of Canada reduced their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Cintas presently has a consensus rating of “Hold” and an average price target of $222.09.

Cintas Stock Down 0.8%

CTAS stock opened at $190.83 on Monday. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The business’s 50 day moving average price is $201.72 and its two-hundred day moving average price is $212.49. 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 company has a market capitalization 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.

Cintas (NASDAQ:CTAS) last posted its earnings results 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 the consensus estimate of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. 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 fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Cintas’s previous quarterly dividend of $0.39. Cintas’s payout ratio is currently 40.82%.

Insider Buying and Selling at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of the company’s 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 sale, the director directly owned 21,945 shares of the company’s stock, valued at $4,904,049.15. This represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 14.90% of the stock is owned by corporate insiders.

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.