GoalVest Advisory LLC Purchases 700 Shares of Cintas Corporation $CTAS

GoalVest Advisory LLC raised its position in shares of Cintas Corporation (NASDAQ:CTAS) by 55.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,966 shares of the business services provider’s stock after acquiring an additional 700 shares during the period. GoalVest Advisory LLC’s holdings in Cintas were worth $438,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CTAS. WPG Advisers LLC bought a new stake in shares of Cintas in the first quarter valued at approximately $27,000. Saudi Central Bank bought a new stake in shares of Cintas during the 1st quarter valued at $29,000. Stone House Investment Management LLC acquired a new stake in shares of Cintas during the 1st quarter worth $41,000. Resources Management Corp CT ADV acquired a new stake in shares of Cintas during the 1st quarter worth $41,000. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Cintas during the 1st quarter worth $46,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ:CTAS opened at $190.83 on Monday. The stock’s 50-day simple moving average is $201.72 and its 200 day simple moving average is $212.49. The firm has a market capitalization of $76.69 billion, a PE ratio of 43.27, a price-to-earnings-growth ratio of 3.30 and a beta of 1.01. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.01. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.Cintas’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given a $0.45 dividend. This is a boost 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 is 40.82%.

Analyst Ratings Changes

CTAS has been the topic of several analyst reports. Morgan Stanley increased their target price on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Cintas in a report on Friday. Wells Fargo & Company reduced their target price on Cintas from $221.00 to $218.00 and set an “equal weight” 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 company a “sell” rating in a research report on Friday, September 26th. Finally, Royal Bank Of Canada lowered their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $222.09.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction dated 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 completion of the transaction, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 14.90% of the company’s stock.

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.