Financiere des Professionnels Fonds d investissement inc. Acquires Shares of 8,296 Cintas Corporation $CTAS

Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,296 shares of the business services provider’s stock, valued at approximately $1,849,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of Cintas during the first quarter valued at $27,000. Saudi Central Bank bought a new position in shares of Cintas during the first quarter valued at $29,000. Stone House Investment Management LLC bought a new position in shares of Cintas during the first quarter valued at $41,000. Resources Management Corp CT ADV bought a new position in shares of Cintas during the first quarter valued at $41,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Cintas by 646.4% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock valued at $43,000 after buying an additional 181 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $240.00 price target on shares of Cintas in a report on Thursday, August 21st. JPMorgan Chase & Co. assumed coverage on Cintas in a report on Monday, July 14th. They issued an “overweight” rating and a $239.00 price target for the company. UBS Group lifted their price target on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. The Goldman Sachs Group lifted their price target on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, Robert W. Baird lifted their price target on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $224.54.

Cintas Price Performance

Cintas stock opened at $199.29 on Wednesday. The firm has a market capitalization of $80.31 billion, a P/E ratio of 45.19, a PEG ratio of 3.44 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 business has a 50-day moving average of $215.36 and a 200-day moving average of $212.77. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52.

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

Cintas Increases Dividend

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

Insider Activity at Cintas

In other Cintas news, Director Martin Mucci acquired 1,200 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The stock was acquired at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the transaction, the director owned 2,621 shares of the company’s stock, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald W. Tysoe sold 5,084 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director owned 21,945 shares of the company’s stock, valued at $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

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.