Woodward Diversified Capital LLC Buys Shares of 1,174 Cintas Corporation $CTAS

Woodward Diversified Capital LLC purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, HoldingsChannel reports. The firm purchased 1,174 shares of the business services provider’s stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Crestwood Advisors Group LLC acquired a new position in Cintas during the first quarter worth $270,000. Pinnacle Financial Partners Inc raised its stake 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 valued at $12,327,000 after acquiring an additional 2,191 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its stake 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 valued at $2,049,000 after acquiring an additional 3,404 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in 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 purchasing an additional 160,820 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in Cintas by 1.0% during the first quarter. Fifth Third Bancorp now owns 605,222 shares of the business services provider’s stock worth $124,391,000 after purchasing an additional 5,784 shares during the period. Institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CTAS. JPMorgan Chase & Co. dropped their price target 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. Robert W. Baird boosted their target price on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. The Goldman Sachs Group upped their price target on shares of Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Royal Bank Of Canada dropped their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. Finally, Citigroup increased their target price on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $222.09.

Cintas Stock Down 0.4%

Shares of CTAS opened at $202.91 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 company has a 50-day simple moving average of $211.42 and a 200-day simple moving average of $212.93. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The firm has a market capitalization of $81.77 billion, a P/E ratio of 46.01, a P/E/G ratio of 3.52 and a beta of 1.01.

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

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were given 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 of this dividend was Friday, August 15th. Cintas’s dividend payout ratio (DPR) is 40.82%.

Insiders Place Their Bets

In other news, 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 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 trade represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction dated 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 owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents 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.

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.