Somerset Trust Co Makes New $207,000 Investment in Cintas Corporation $CTAS

Somerset Trust Co bought a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 931 shares of the business services provider’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Zevenbergen Capital Investments LLC boosted its position in shares of Cintas by 0.4% during the 2nd quarter. Zevenbergen Capital Investments LLC now owns 19,985 shares of the business services provider’s stock valued at $4,454,000 after acquiring an additional 70 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Cintas by 16.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 28,934 shares of the business services provider’s stock valued at $6,448,000 after acquiring an additional 4,124 shares during the last quarter. Fiduciary Financial Group LLC acquired a new position in shares of Cintas during the 2nd quarter valued at about $202,000. HBW Advisory Services LLC acquired a new position in shares of Cintas during the 2nd quarter valued at about $276,000. Finally, Kera Capital Partners Inc. acquired a new position in shares of Cintas during the 2nd quarter valued at about $541,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Insider Activity

In related news, Director Martin Mucci purchased 1,200 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The stock was purchased at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the acquisition, the director directly owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction on Wednesday, July 30th. The stock was 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 approximately $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CTAS. Royal Bank Of Canada reissued a “sector perform” rating and set a $240.00 price target on shares of Cintas in a research report on Thursday, August 21st. Wells Fargo & Company raised shares of Cintas from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $196.00 to $221.00 in a research report on Tuesday, July 1st. Robert W. Baird boosted their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. JPMorgan Chase & Co. began coverage on shares of Cintas in a report on Monday, July 14th. They issued an “overweight” rating and a $239.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their price objective on shares of Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and an average price target of $224.54.

Cintas Stock Down 1.0%

CTAS stock opened at $202.37 on Monday. The company’s 50 day moving average price is $216.03 and its 200 day moving average price is $212.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The firm has a market capitalization of $81.55 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 3.49 and a beta of 1.01.

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

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be issued a $0.45 dividend. 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 dividend payout ratio is currently 40.82%.

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.