Saudi Central Bank Makes New Investment in Cintas Corporation $CTAS

Saudi Central Bank bought a new position in Cintas Corporation (NASDAQ:CTAS) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 143 shares of the business services provider’s stock, valued at approximately $29,000.

Other institutional investors have also bought and sold shares of the company. Crestwood Advisors Group LLC purchased a new position in Cintas in the 1st quarter worth approximately $270,000. Ameriprise Financial Inc. increased its holdings in shares of Cintas by 26.7% during the 4th quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider’s stock worth $407,163,000 after buying an additional 468,950 shares during the last quarter. Pinnacle Financial Partners Inc increased its holdings in shares of Cintas by 3.8% during the 1st quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider’s stock worth $12,327,000 after buying an additional 2,191 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in shares of Cintas by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider’s stock worth $2,049,000 after buying an additional 3,404 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its holdings in shares of Cintas by 5.2% during the 4th quarter. Ensign Peak Advisors Inc now owns 257,032 shares of the business services provider’s stock worth $46,960,000 after buying an additional 12,734 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Up 0.8%

Cintas stock opened at $210.03 on Monday. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. The firm has a 50 day moving average price of $219.22 and a 200 day moving average price of $212.93. The company has a market capitalization of $84.64 billion, a PE ratio of 47.63, a price-to-earnings-growth ratio of 3.62 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter last year, the firm earned $3.99 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Research analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be issued a $0.45 dividend. This is a boost from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas’s payout ratio is 40.82%.

Insider Activity at Cintas

In related news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the sale, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Todd M. Schneider sold 17,301 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 622,712 shares of the company’s stock, valued at $137,557,080.80. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CTAS. JPMorgan Chase & Co. began coverage on shares of Cintas in a report on Monday, July 14th. They set an “overweight” rating and a $239.00 price target for the company. Wells Fargo & Company upgraded shares of Cintas from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. Royal Bank Of Canada restated a “sector perform” rating and set a $240.00 price target on shares of Cintas in a report on Thursday, August 21st. Robert W. Baird raised their price target on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Finally, Morgan Stanley raised their price target 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $224.54.

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.