Cintas Corporation $CTAS Shares Bought by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC grew its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,412 shares of the business services provider’s stock after purchasing an additional 337 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Cintas were worth $1,206,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Cintas by 1.3% in the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock worth $7,781,223,000 after acquiring an additional 491,307 shares in the last quarter. Nuveen LLC acquired a new position in shares of Cintas in the first quarter worth about $1,877,760,000. Northern Trust Corp lifted its stake in shares of Cintas by 0.7% in the first quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider’s stock worth $841,749,000 after acquiring an additional 28,469 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Cintas by 2.1% in the first 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 worth $591,373,000 after acquiring an additional 59,162 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Cintas by 17.4% in the first quarter. Ameriprise Financial Inc. now owns 2,615,330 shares of the business services provider’s stock worth $538,303,000 after acquiring an additional 386,721 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Down 1.8%

Shares of Cintas stock opened at $199.04 on Tuesday. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The firm has a market cap of $80.21 billion, a P/E ratio of 45.13, a P/E/G ratio of 3.50 and a beta of 1.01. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The business has a 50-day moving average price of $210.57 and a 200 day moving average price of $213.29.

Cintas (NASDAQ:CTAS) last announced 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 firm had revenue of $2.72 billion during 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, sell-side analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, August 15th. This is a positive change from Cintas’s previous quarterly dividend of $0.39. Cintas’s payout ratio is currently 40.82%.

Analyst Ratings Changes

CTAS has been the topic of several recent analyst reports. UBS Group boosted their price target on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. The Goldman Sachs Group boosted their price target on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada cut their price target on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. JPMorgan Chase & Co. cut their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Finally, Wells Fargo & Company cut their price target on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Cintas has an average rating of “Hold” and a consensus target price of $222.09.

Insider Transactions at Cintas

In related news, Director Martin Mucci purchased 1,200 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were acquired at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the transaction, the director owned 2,621 shares of the company’s stock, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of the 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 sale, the chief executive officer owned 622,712 shares in the company, valued at $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.

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.