Cintas Corporation $CTAS Position Increased by Randolph Co Inc

Randolph Co Inc raised its holdings in Cintas Corporation (NASDAQ:CTAS) by 59.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 266,498 shares of the business services provider’s stock after acquiring an additional 99,731 shares during the quarter. Cintas accounts for approximately 6.1% of Randolph Co Inc’s investment portfolio, making the stock its 2nd largest holding. Randolph Co Inc’s holdings in Cintas were worth $59,394,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Cintas by 3.9% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 47 shares in the last quarter. Oarsman Capital Inc. raised its holdings in shares of Cintas by 3.9% in the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 49 shares in the last quarter. Truvestments Capital LLC raised its holdings in shares of Cintas by 17.4% in the 1st quarter. Truvestments Capital LLC now owns 338 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 50 shares in the last quarter. Kathmere Capital Management LLC raised its holdings in shares of Cintas by 4.1% in the 1st quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider’s stock valued at $266,000 after acquiring an additional 51 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Cintas by 4.1% in the 1st quarter. Pinnacle Associates Ltd. now owns 1,291 shares of the business services provider’s stock valued at $265,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CTAS. Wells Fargo & Company lowered their price target on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday. Royal Bank Of Canada decreased their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday. Robert W. Baird raised their price objective on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Finally, UBS Group raised their price objective on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $222.75.

Insider Buying and Selling

In other news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction that occurred on 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin Mucci acquired 1,200 shares of the business’s stock in a transaction dated Monday, July 21st. The stock was acquired at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the transaction, the director owned 2,621 shares in the company, valued at approximately $583,303.55. The trade was a 84.45% increase in their position. The disclosure for this purchase can be found here. 14.90% of the stock is owned by corporate insiders.

Cintas Price Performance

CTAS opened at $202.05 on Friday. The stock’s 50 day simple moving average is $213.16 and its 200 day simple moving average is $212.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.82. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The firm has a market cap of $81.42 billion, a price-to-earnings ratio of 44.80, a PEG ratio of 3.46 and a beta of 1.01.

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

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a 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 dividend payout ratio is 40.82%.

Cintas Company 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.