GoalVest Advisory LLC Purchases 700 Shares of Cintas Corporation $CTAS

GoalVest Advisory LLC increased its stake in Cintas Corporation (NASDAQ:CTAS) by 55.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,966 shares of the business services provider’s stock after acquiring an additional 700 shares during the quarter. GoalVest Advisory LLC’s holdings in Cintas were worth $438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crestwood Advisors Group LLC acquired a new position in shares of Cintas in the first quarter worth approximately $270,000. Pinnacle Financial Partners Inc lifted its stake in shares of Cintas by 3.8% in the first quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider’s stock worth $12,327,000 after acquiring an additional 2,191 shares during the period. China Universal Asset Management Co. Ltd. lifted its stake in shares of Cintas by 51.9% in the first 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 during the period. BNP Paribas Financial Markets lifted its stake in shares of Cintas by 25.5% in the first quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock worth $162,615,000 after acquiring an additional 160,820 shares during the period. Finally, Merit Financial Group LLC lifted its stake in shares of Cintas by 11.2% in the second quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock worth $3,225,000 after acquiring an additional 1,459 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 21,945 shares in the company, valued at $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 14.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CTAS has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Wells Fargo & Company dropped their price target 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. UBS Group boosted their price target on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Cintas in a research note on Friday. Finally, The Goldman Sachs Group boosted their price target on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Cintas has a consensus rating of “Hold” and an average target price of $222.09.

Cintas Trading Down 0.8%

NASDAQ CTAS opened at $190.83 on Monday. The company has a market cap of $76.69 billion, a price-to-earnings ratio of 43.27, a P/E/G ratio of 3.30 and a beta of 1.01. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The business has a 50 day moving average price of $201.72 and a 200-day moving average price of $212.49. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. The firm had revenue of $2.72 billion during 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, equities analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a dividend of $0.45 per share. This is a positive change from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, August 15th. Cintas’s dividend payout ratio is presently 40.82%.

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.