Nisa Investment Advisors LLC Acquires 4,470 Shares of Cintas Corporation $CTAS

Nisa Investment Advisors LLC lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,272 shares of the business services provider’s stock after acquiring an additional 4,470 shares during the period. Nisa Investment Advisors LLC’s holdings in Cintas were worth $36,611,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CTAS. Resonant Capital Advisors LLC increased its holdings in Cintas by 19.7% during the 2nd quarter. Resonant Capital Advisors LLC now owns 2,105 shares of the business services provider’s stock worth $469,000 after purchasing an additional 346 shares in the last quarter. Wealthfront Advisers LLC boosted its position in shares of Cintas by 4.8% during the second quarter. Wealthfront Advisers LLC now owns 46,716 shares of the business services provider’s stock valued at $10,412,000 after buying an additional 2,158 shares during the last quarter. Brighton Jones LLC grew its holdings in Cintas by 152.7% during the second quarter. Brighton Jones LLC now owns 3,421 shares of the business services provider’s stock worth $762,000 after buying an additional 2,067 shares in the last quarter. Stegent Equity Advisors Inc. raised its position in Cintas by 36.9% in the 2nd quarter. Stegent Equity Advisors Inc. now owns 2,511 shares of the business services provider’s stock valued at $560,000 after buying an additional 677 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its holdings in Cintas by 2.6% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,001 shares of the business services provider’s stock worth $2,006,000 after acquiring an additional 226 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 0.8%

Shares of Cintas stock opened at $190.83 on Friday. The company has a 50 day simple moving average of $201.72 and a two-hundred day simple moving average of $212.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The firm has a market cap of $76.69 billion, a PE ratio of 43.27, a PEG ratio of 3.30 and a beta of 1.01. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The business had revenue of $2.72 billion for 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 quarter last year, the business posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. This is an increase from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. Cintas’s dividend payout ratio (DPR) is presently 40.82%.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the company’s stock in a transaction 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 in the company, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of Cintas 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 $137,557,080.80. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of research analyst reports. Wells Fargo & Company cut their target price on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Morgan Stanley increased their price target on shares of Cintas from $213.00 to $220.00 and gave the company 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 for the company in a research report on Thursday, September 25th. Citigroup upped their price objective on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a research note on Friday. One research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and an average target price of $222.09.

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.