Cintas Corporation $CTAS Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC lifted its holdings in Cintas Corporation (NASDAQ:CTAS) by 11.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 14,472 shares of the business services provider’s stock after buying an additional 1,459 shares during the quarter. Merit Financial Group LLC’s holdings in Cintas were worth $3,225,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Simplicity Wealth LLC acquired a new stake in shares of Cintas in the second quarter worth $636,000. Wealthcare Advisory Partners LLC grew its holdings in Cintas by 6.9% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 8,367 shares of the business services provider’s stock valued at $1,865,000 after purchasing an additional 540 shares in the last quarter. Tilia Fiduciary Partners Inc. acquired a new stake in Cintas during the 2nd quarter valued at $217,000. QRG Capital Management Inc. grew its holdings in Cintas by 8.7% during the 2nd quarter. QRG Capital Management Inc. now owns 30,437 shares of the business services provider’s stock valued at $6,783,000 after purchasing an additional 2,430 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC grew its holdings in Cintas by 23.0% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 118,453 shares of the business services provider’s stock valued at $26,400,000 after purchasing an additional 22,188 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Up 0.1%

NASDAQ CTAS opened at $199.17 on Wednesday. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. 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 company has a market capitalization of $80.26 billion, a price-to-earnings ratio of 45.16, a price-to-earnings-growth ratio of 3.44 and a beta of 1.01. The company’s fifty day moving average price is $210.10 and its two-hundred day moving average price is $213.19.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the firm posted $1.10 EPS. The firm’s 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. As a group, research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

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

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Martin Mucci purchased 1,200 shares of Cintas stock in a transaction dated Monday, July 21st. The stock was acquired at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the transaction, the director owned 2,621 shares in the company, valued at approximately $583,303.55. The trade was a 84.45% increase in their position. The disclosure for this purchase can be found here. Insiders own 14.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CTAS. The Goldman Sachs Group raised 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. UBS Group raised their price target on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. Robert W. Baird raised their price target on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a report on Saturday, September 27th. Finally, Royal Bank Of Canada reduced their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cintas presently has a consensus rating of “Hold” and an average target price of $222.09.

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.