Inspire Investing LLC Raises Stock Position in Cintas Corporation $CTAS

Inspire Investing LLC lifted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 9.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,234 shares of the business services provider’s stock after buying an additional 3,547 shares during the quarter. Cintas comprises about 1.0% of Inspire Investing LLC’s holdings, making the stock its 14th biggest holding. Inspire Investing LLC’s holdings in Cintas were worth $8,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Cintas by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock worth $7,781,223,000 after buying an additional 491,307 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Cintas during the 1st quarter worth approximately $1,877,760,000. Northern Trust Corp lifted its position in shares of Cintas by 0.7% during the 1st quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider’s stock worth $841,749,000 after buying an additional 28,469 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Cintas by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider’s stock worth $591,373,000 after buying an additional 59,162 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Cintas by 17.4% during the 1st quarter. Ameriprise Financial Inc. now owns 2,615,330 shares of the business services provider’s stock worth $538,303,000 after buying an additional 386,721 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CTAS. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a report on Wednesday. Wells Fargo & Company cut their target price on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Royal Bank Of Canada cut their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. The Goldman Sachs Group lifted their target price on shares of Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, Citigroup lifted their target price on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. One 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 data from MarketBeat.com, Cintas has an average rating of “Hold” and a consensus price target of $222.09.

Insiders Place Their Bets

In other Cintas 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 sale, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Martin Mucci bought 1,200 shares of the firm’s stock in a transaction on Monday, July 21st. The shares were bought 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 directly owned 2,621 shares in the company, valued at approximately $583,303.55. This represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Insiders own 14.90% of the company’s stock.

Cintas Stock Performance

Shares of CTAS opened at $187.96 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The stock has a market capitalization of $75.54 billion, a P/E ratio of 42.62, a P/E/G ratio of 3.31 and a beta of 1.01. The company’s fifty day moving average is $208.33 and its two-hundred day moving average is $213.04. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, sell-side analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 15th. This is an increase from Cintas’s previous quarterly dividend of $0.39. Cintas’s payout ratio is presently 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.