Geneos Wealth Management Inc. Acquires 576 Shares of Cintas Corporation $CTAS

Geneos Wealth Management Inc. increased its position in Cintas Corporation (NASDAQ:CTAS) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,456 shares of the business services provider’s stock after purchasing an additional 576 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Cintas were worth $1,327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Cintas by 1.3% in the 1st 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 during the period. Nuveen LLC bought a new stake in shares of Cintas in the 1st quarter valued at about $1,877,760,000. Northern Trust Corp raised its holdings in shares of Cintas by 0.7% in the 1st quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider’s stock valued at $841,749,000 after purchasing an additional 28,469 shares during the period. Royal Bank of Canada raised its holdings in shares of Cintas by 3.3% in the 4th quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider’s stock valued at $667,919,000 after purchasing an additional 115,268 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Cintas by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider’s stock valued at $591,373,000 after purchasing an additional 59,162 shares during the period. 63.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CTAS. UBS Group upped their target price on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. Morgan Stanley increased their price target 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. Royal Bank Of Canada reissued a “sector perform” rating and issued a $240.00 price target on shares of Cintas in a report on Thursday, August 21st. JPMorgan Chase & Co. initiated coverage on shares of Cintas in a research report on Monday, July 14th. They set an “overweight” rating and a $239.00 price target on the stock. Finally, Robert W. Baird increased their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $224.54.

Insider Activity

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the company’s stock in a transaction dated Monday, July 21st. The stock was purchased at an average price of $222.55 per share, with a total value of $267,060.00. Following the completion of the purchase, the director owned 2,621 shares of the company’s stock, valued at approximately $583,303.55. The trade was a 84.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Todd M. Schneider sold 17,301 shares of the firm’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 transaction, the chief executive officer directly owned 622,712 shares of the company’s stock, valued at $137,557,080.80. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $202.37 on Friday. The company has a market cap of $81.55 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 3.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. The firm has a 50 day simple moving average of $216.03 and a 200 day simple moving average of $212.79. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s payout ratio is 40.82%.

Cintas Company 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.