Franklin Street Advisors Inc. NC Has $26.40 Million Position in Cintas Corporation $CTAS

Franklin Street Advisors Inc. NC lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 23.0% during the second quarter, HoldingsChannel reports. The firm owned 118,453 shares of the business services provider’s stock after acquiring an additional 22,188 shares during the quarter. Cintas comprises 1.6% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 20th largest holding. Franklin Street Advisors Inc. NC’s holdings in Cintas were worth $26,400,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CTAS. WPG Advisers LLC acquired a new stake in Cintas in the 1st quarter valued at approximately $27,000. Saudi Central Bank acquired a new stake in Cintas in the 1st quarter valued at approximately $29,000. Stone House Investment Management LLC acquired a new stake in Cintas in the 1st quarter valued at approximately $41,000. Resources Management Corp CT ADV acquired a new stake in Cintas in the 1st quarter valued at approximately $41,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in Cintas by 646.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock valued at $43,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Cintas in a research report on Saturday, September 27th. The Goldman Sachs Group lifted their target price on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. UBS Group lifted their target price on 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 stock a “neutral” rating in a research report on Friday, July 18th. Finally, Royal Bank Of Canada lowered their price target on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $222.09.

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction that occurred on 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 in the company, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $220.90, for a total value of $3,821,790.90. Following the transaction, the chief executive officer 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 disclosure for this sale can be found here. 14.90% of the stock is currently owned by corporate insiders.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $202.61 on Friday. 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. The stock has a 50 day moving average of $211.00 and a 200-day moving average of $212.99. The company has a market capitalization of $81.65 billion, a P/E ratio of 45.94, a P/E/G ratio of 3.50 and a beta of 1.01.

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