2,269 Shares in Cintas Corporation $CTAS Bought by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC acquired a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,269 shares of the business services provider’s stock, valued at approximately $506,000.

A number of other hedge funds have also bought and sold shares of the company. Quotient Wealth Partners LLC increased its position in Cintas by 11.1% during the second quarter. Quotient Wealth Partners LLC now owns 2,029 shares of the business services provider’s stock valued at $452,000 after acquiring an additional 202 shares during the last quarter. Koshinski Asset Management Inc. bought a new position in Cintas during the second quarter valued at $747,000. Nicholson Wealth Management Group LLC increased its position in Cintas by 11.0% during the second quarter. Nicholson Wealth Management Group LLC now owns 6,423 shares of the business services provider’s stock valued at $1,431,000 after acquiring an additional 635 shares during the last quarter. Chevy Chase Trust Holdings LLC increased its position in Cintas by 0.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 181,931 shares of the business services provider’s stock valued at $40,547,000 after acquiring an additional 1,433 shares during the last quarter. Finally, Angeles Wealth Management LLC increased its position in Cintas by 13.1% during the second quarter. Angeles Wealth Management LLC now owns 9,147 shares of the business services provider’s stock valued at $2,039,000 after acquiring an additional 1,062 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Insider Activity

In other Cintas 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 transaction of $3,821,790.90. Following the completion of the sale, the chief executive officer directly owned 622,712 shares of the company’s stock, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 21,945 shares of the company’s stock, valued at $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Citigroup upped their price target on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. UBS Group upped their price target on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Morgan Stanley upped their price target on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Finally, Wells Fargo & Company cut their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $222.09.

Cintas Trading Up 2.2%

Shares of NASDAQ:CTAS opened at $192.33 on Tuesday. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The business’s fifty day simple moving average is $203.98 and its 200-day simple moving average is $212.50. The company has a market capitalization of $77.29 billion, a PE ratio of 43.61, a P/E/G ratio of 3.25 and a beta of 1.01. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last released 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 business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, equities research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s payout ratio is currently 40.82%.

Cintas 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.