Cintas Corporation $CTAS Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. raised its holdings in Cintas Corporation (NASDAQ:CTAS) by 8.7% in the second quarter, Holdings Channel reports. The fund owned 30,437 shares of the business services provider’s stock after buying an additional 2,430 shares during the period. QRG Capital Management Inc.’s holdings in Cintas were worth $6,783,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CTAS. Nuveen LLC purchased a new stake in shares of Cintas in the 1st quarter valued at approximately $1,877,760,000. Voya Investment Management LLC grew its stake in shares of Cintas by 516.8% in the 1st quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock valued at $175,529,000 after buying an additional 715,570 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Cintas by 169.7% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider’s stock valued at $187,235,000 after buying an additional 573,151 shares during the period. Vanguard Group Inc. grew 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 buying an additional 491,307 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Cintas by 163.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider’s stock valued at $171,132,000 after buying an additional 476,336 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Insiders Place Their Bets

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the sale, the chief executive officer directly owned 622,712 shares of the company’s stock, valued at $137,557,080.80. The trade was a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Martin Mucci purchased 1,200 shares of Cintas stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the transaction, the director owned 2,621 shares of the company’s stock, valued at $583,303.55. The trade was a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on CTAS shares. Royal Bank Of Canada dropped their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research note on Thursday, September 25th. Wells Fargo & Company dropped their price target on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. UBS Group increased their price target on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Robert W. Baird increased their price target on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. One 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $222.09.

Cintas Stock Down 0.1%

Shares of NASDAQ CTAS opened at $202.61 on Monday. The company has a market capitalization of $81.65 billion, a price-to-earnings ratio of 45.94, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. 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 business has a 50-day moving average of $211.00 and a two-hundred day moving average of $213.24. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) 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 the consensus estimate of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.Cintas’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, analysts forecast 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. Shareholders 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. 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 dividend payout ratio (DPR) 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.