2,854 Shares in Cintas Corporation $CTAS Bought by Simplicity Wealth LLC

Simplicity Wealth LLC bought a new position in Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, Holdings Channel reports. The fund bought 2,854 shares of the business services provider’s stock, valued at approximately $636,000.

Several other institutional investors have also recently bought and sold shares of CTAS. Brighton Jones LLC raised its holdings in Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after acquiring an additional 108 shares during the period. Sivia Capital Partners LLC bought a new position in Cintas in the 1st quarter worth $208,000. Patriot Financial Group Insurance Agency LLC bought a new position in Cintas in the 1st quarter worth $244,000. Capital Investment Advisors LLC raised its holdings in Cintas by 6.6% in the 1st quarter. Capital Investment Advisors LLC now owns 2,470 shares of the business services provider’s stock worth $508,000 after acquiring an additional 154 shares during the period. Finally, First Citizens Bank & Trust Co. raised its holdings in Cintas by 45.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 3,282 shares of the business services provider’s stock worth $675,000 after acquiring an additional 1,027 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of Cintas stock opened at $199.17 on Wednesday. The firm has a market cap of $80.26 billion, a P/E ratio of 45.16, a price-to-earnings-growth ratio of 3.44 and a beta of 1.01. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. 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 firm’s 50-day simple moving average is $210.10 and its 200-day simple moving average is $213.19.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The company’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, research analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were issued a $0.45 dividend. This is an increase from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, August 15th. Cintas’s dividend payout ratio (DPR) is currently 40.82%.

Insider Buying and Selling at Cintas

In other news, CEO Todd M. Schneider sold 17,301 shares of the 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 completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction 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 disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Citigroup boosted their price objective on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. Morgan Stanley boosted their price objective on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Royal Bank Of Canada dropped their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cintas presently has an average rating of “Hold” and an average target price of $222.09.

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.