Canopy Partners LLC Has $501,000 Stock Holdings in Cintas Corporation $CTAS

Canopy Partners LLC boosted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 40.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,250 shares of the business services provider’s stock after acquiring an additional 648 shares during the quarter. Canopy Partners LLC’s holdings in Cintas were worth $501,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of Cintas during the 1st quarter valued at $27,000. Saudi Central Bank acquired a new stake in Cintas in the first quarter valued at approximately $29,000. Stone House Investment Management LLC acquired a new stake in Cintas in the first quarter valued at approximately $41,000. Resources Management Corp CT ADV acquired a new stake in Cintas in the first quarter valued at approximately $41,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in Cintas by 646.4% in the first 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 during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Cintas from $240.00 to $255.00 and gave the company 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 report on Wednesday, July 2nd. Wells Fargo & Company reduced their target price on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Morgan Stanley boosted their target price on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given 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 an average target price of $222.09.

Cintas Stock Up 0.1%

Shares of CTAS opened at $199.17 on Wednesday. The company has a 50-day simple moving average of $210.10 and a 200-day simple moving average of $213.19. The firm has a market capitalization of $80.26 billion, a P/E ratio of 45.16, a P/E/G ratio of 3.44 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS 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 analysts’ expectations of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities research analysts expect 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. Investors of record on Friday, August 15th were paid a $0.45 dividend. The ex-dividend date was Friday, August 15th. This is a positive change 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%. Cintas’s dividend payout ratio is currently 40.82%.

Insider Activity

In related news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $220.90, for a total value of $3,821,790.90. Following the completion of the transaction, the chief executive officer owned 622,712 shares of the company’s stock, valued at $137,557,080.80. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction dated Wednesday, July 30th. The stock was 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 of the company’s stock, valued at $4,904,049.15. This trade represents a 18.81% decrease in their position. The disclosure for this sale can be found here. Corporate 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.