Shell Asset Management Co. Purchases 4,788 Shares of Cintas Corporation $CTAS

Shell Asset Management Co. boosted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 16.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,526 shares of the business services provider’s stock after acquiring an additional 4,788 shares during the period. Shell Asset Management Co.’s holdings in Cintas were worth $7,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after buying an additional 108 shares during the period. RFG Advisory LLC acquired a new stake in shares of Cintas in the 1st quarter valued at about $239,000. Sivia Capital Partners LLC bought a new stake in shares of Cintas in the first quarter valued at about $208,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Cintas in the first quarter valued at about $244,000. Finally, Park Avenue Securities LLC grew its holdings in shares of Cintas by 1.3% during the first quarter. Park Avenue Securities LLC now owns 31,195 shares of the business services provider’s stock worth $6,411,000 after buying an additional 415 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Down 1.8%

Shares of CTAS stock opened at $199.04 on Tuesday. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The company has a market capitalization of $80.21 billion, a PE ratio of 45.13, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The firm has a 50 day moving average price of $210.57 and a two-hundred day moving average price of $213.29. 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 (NASDAQ:CTAS) last announced its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The company 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%.The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a dividend of $0.45 per share. This is an increase from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Cintas’s payout ratio is 40.82%.

Insider Activity

In related news, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 21,945 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin Mucci acquired 1,200 shares of the business’s stock in a transaction on Monday, July 21st. The stock was acquired at an average cost of $222.55 per share, with a total value of $267,060.00. Following the acquisition, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. The Goldman Sachs Group boosted their target price on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. reduced their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. UBS Group raised their target price on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Morgan Stanley boosted their price target on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Cintas presently has a consensus rating of “Hold” and an average target price of $222.09.

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.