BNP Paribas Financial Markets Buys 160,820 Shares of Cintas Corporation $CTAS

BNP Paribas Financial Markets boosted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 25.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 791,197 shares of the business services provider’s stock after acquiring an additional 160,820 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.20% of Cintas worth $162,615,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake 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 last quarter. Nuveen LLC bought a new position in shares of Cintas in the 1st quarter valued at about $1,877,760,000. Northern Trust Corp boosted its stake in Cintas by 0.7% during the 1st quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider’s stock worth $841,749,000 after acquiring an additional 28,469 shares during the last quarter. Royal Bank of Canada boosted its stake in Cintas by 3.3% during the 4th quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider’s stock worth $667,919,000 after acquiring an additional 115,268 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Cintas by 11.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,818,147 shares of the business services provider’s stock worth $514,875,000 after acquiring an additional 295,226 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 2.3%

CTAS opened at $208.32 on Friday. The stock has a market capitalization of $83.95 billion, a price-to-earnings ratio of 47.24, a P/E/G ratio of 3.68 and a beta of 1.03. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The company has a 50-day simple moving average of $219.39 and a 200 day simple moving average of $212.79.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the prior year, the business earned $3.99 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from Cintas’s previous quarterly dividend of $0.39. Cintas’s payout ratio is 40.82%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Cintas in a research note on Monday, July 14th. They set an “overweight” rating and a $239.00 price objective on the stock. UBS Group lifted their price objective on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Wells Fargo & Company upgraded shares of Cintas from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. Redburn Atlantic downgraded shares of Cintas from a “neutral” rating to a “sell” rating and set a $171.00 target price on the stock. in a report on Thursday, May 1st. Finally, Morgan Stanley lifted their price objective on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $224.54.

Insider Activity at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the sale, the director directly owned 21,945 shares in the company, valued at $4,904,049.15. The trade was a 18.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Martin Mucci acquired 1,200 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was purchased at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the purchase, the director directly owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. 15.00% of the stock is currently owned by insiders.

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.