Cintas Corporation $CTAS Shares Purchased by Harbour Investments Inc.

Harbour Investments Inc. lifted its position in Cintas Corporation (NASDAQ:CTAS) by 99.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,027 shares of the business services provider’s stock after purchasing an additional 511 shares during the quarter. Harbour Investments Inc.’s holdings in Cintas were worth $229,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Cintas by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock valued at $7,781,223,000 after purchasing an additional 491,307 shares during the period. Nuveen LLC acquired a new stake in shares of Cintas in the 1st quarter valued at about $1,877,760,000. Northern Trust Corp boosted its position in shares of Cintas by 0.7% in the 1st quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider’s stock valued at $841,749,000 after purchasing an additional 28,469 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cintas by 2.1% in 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 valued at $591,373,000 after purchasing an additional 59,162 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Cintas by 17.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,615,330 shares of the business services provider’s stock valued at $538,303,000 after purchasing an additional 386,721 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value 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 Upgrades and Downgrades

CTAS has been the subject of a number of research analyst reports. Morgan Stanley upped their target price on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Robert W. Baird upped their price objective on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a research note on Wednesday, October 8th. The Goldman Sachs Group upped their price objective on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company reduced their price objective on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $222.09.

Cintas Stock Performance

Shares of CTAS stock opened at $196.49 on Wednesday. The company has a market cap of $78.96 billion, a price-to-earnings ratio of 44.56, a price-to-earnings-growth ratio of 3.32 and a beta of 1.01. The stock has a 50 day simple moving average of $203.44 and a 200-day simple moving average of $212.39. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. 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 issued its 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 business had revenue of $2.72 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were paid a dividend of $0.45 per share. This is a positive change from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is currently 40.82%.

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.