Bleakley Financial Group LLC Boosts Holdings in Cintas Corporation $CTAS

Bleakley Financial Group LLC increased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 8.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,483 shares of the business services provider’s stock after buying an additional 1,309 shares during the period. Bleakley Financial Group LLC’s holdings in Cintas were worth $3,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC purchased a new stake in Cintas during the 1st quarter worth approximately $270,000. Pinnacle Financial Partners Inc boosted its stake in Cintas by 3.8% during 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 during the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in Cintas by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider’s stock worth $2,049,000 after acquiring an additional 3,404 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Cintas by 25.5% in the first quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock valued at $162,615,000 after buying an additional 160,820 shares during the last quarter. Finally, Merit Financial Group LLC increased its stake in Cintas by 11.2% during the second quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock valued at $3,225,000 after purchasing an additional 1,459 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CTAS has been the subject of a number of recent research reports. UBS Group upped their price objective on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Citigroup increased their price objective on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. Robert W. Baird lifted their price target on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Morgan Stanley raised their target price 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, JPMorgan Chase & Co. reduced their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $222.09.

Cintas Stock Down 0.6%

CTAS stock opened at $192.34 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The firm has a market cap of $77.30 billion, a PE ratio of 43.61, a PEG ratio of 3.34 and a beta of 1.01. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The company has a fifty day simple moving average of $202.23 and a 200 day simple moving average of $212.27.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Sell-side analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a $0.45 dividend. This is an increase 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 yield of 0.9%. Cintas’s payout ratio is 40.82%.

Insider Activity at Cintas

In other news, CEO Todd M. Schneider sold 17,301 shares of the business’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 transaction, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction on Wednesday, July 30th. The stock was 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 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. Insiders own 14.90% of the company’s stock.

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.