REAP Financial Group LLC Buys 285 Shares of Cintas Corporation $CTAS

REAP Financial Group LLC raised its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 161.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 462 shares of the business services provider’s stock after purchasing an additional 285 shares during the quarter. REAP Financial Group LLC’s holdings in Cintas were worth $103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Crestwood Advisors Group LLC purchased a new position in Cintas during the 1st quarter valued at $270,000. Pinnacle Financial Partners Inc grew its position in shares of Cintas by 3.8% in 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 period. China Universal Asset Management Co. Ltd. grew its position in shares of Cintas by 51.9% in 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 period. BNP Paribas Financial Markets grew its position in shares of Cintas by 25.5% in the 1st quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock worth $162,615,000 after buying an additional 160,820 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Cintas by 1.0% in the 1st quarter. Fifth Third Bancorp now owns 605,222 shares of the business services provider’s stock worth $124,391,000 after buying an additional 5,784 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

Shares of Cintas stock opened at $199.17 on Wednesday. The stock has a market cap of $80.26 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 3.44 and a beta of 1.01. The firm’s 50-day moving average is $210.10 and its 200 day moving average is $213.19. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) 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 analysts’ expectations of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. Cintas’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Sell-side analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The business also recently declared 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 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. This is a boost from Cintas’s previous quarterly dividend of $0.39. Cintas’s payout ratio is 40.82%.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of recent research reports. Morgan Stanley upped their target price 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. JPMorgan Chase & Co. reduced their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a research report on Saturday, September 27th. The Goldman Sachs Group upped their target price on shares of Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Robert W. Baird upped their price target on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $222.09.

Insider Activity

In related news, Director Martin Mucci purchased 1,200 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were purchased at an average price 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 $583,303.55. The trade was a 84.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 622,712 shares in the company, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.

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.