Advisors Capital Management LLC Acquires 62 Shares of Cintas Corporation $CTAS

Advisors Capital Management LLC boosted its holdings in Cintas Corporation (NASDAQ:CTAS) by 1.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,867 shares of the business services provider’s stock after acquiring an additional 62 shares during the quarter. Advisors Capital Management LLC’s holdings in Cintas were worth $795,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CTAS. WPG Advisers LLC bought a new position in Cintas in the 1st quarter valued at about $27,000. Saudi Central Bank bought a new position in Cintas in the 1st quarter valued at about $29,000. Stone House Investment Management LLC bought a new position in Cintas in the 1st quarter valued at about $41,000. Resources Management Corp CT ADV bought a new position in Cintas in the 1st quarter valued at about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted 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 acquiring an additional 181 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Insider Activity at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were 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 $4,904,049.15. The trade was a 18.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd M. Schneider sold 17,301 shares of the business’s 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 transaction, the chief executive officer owned 622,712 shares of the company’s stock, valued at $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CTAS has been the topic of several recent research reports. Morgan Stanley raised their price target on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Wells Fargo & Company raised shares of Cintas from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $196.00 to $221.00 in a research report on Tuesday, July 1st. UBS Group lifted their target price on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. started coverage on shares of Cintas in a research report on Monday, July 14th. They set an “overweight” rating and a $239.00 target price on the stock. Finally, Robert W. Baird lifted their target price on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $224.54.

Cintas Stock Down 1.0%

Cintas stock opened at $202.37 on Friday. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24. The firm has a market capitalization of $81.55 billion, a price-to-earnings ratio of 45.89, a P/E/G ratio of 3.53 and a beta of 1.01. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52. The firm has a 50 day simple moving average of $216.03 and a 200 day simple moving average of $212.79.

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

Cintas Increases Dividend

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