Lbmc Investment Advisors LLC Takes Position in Cintas Corporation $CTAS

Lbmc Investment Advisors LLC purchased a new stake in Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 924 shares of the business services provider’s stock, valued at approximately $206,000.

Other hedge funds also recently made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of Cintas in the 1st quarter valued at approximately $27,000. Saudi Central Bank acquired a new stake in shares of Cintas in the 1st quarter valued at approximately $29,000. Stone House Investment Management LLC acquired a new stake in shares of Cintas in the 1st quarter valued at approximately $41,000. Resources Management Corp CT ADV acquired a new stake in shares of Cintas in the 1st quarter valued at approximately $41,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Cintas by 646.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 181 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTAS has been the topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Cintas in a research report on Monday, July 14th. They set an “overweight” rating and a $239.00 target price on the stock. UBS Group lifted their target price on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $240.00 target price on shares of Cintas in a research report on Thursday, August 21st. Wells Fargo & Company upgraded shares of Cintas from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $196.00 to $221.00 in a research report on Tuesday, July 1st. Finally, Robert W. Baird lifted their target price on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. One investment 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. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Hold” and an average price target of $224.54.

Cintas Stock Performance

NASDAQ:CTAS opened at $199.29 on Wednesday. The company has a fifty day moving average of $215.36 and a 200-day moving average of $212.77. The firm has a market capitalization of $80.31 billion, a P/E ratio of 45.19, a P/E/G ratio of 3.44 and a beta of 1.01. 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.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. Cintas’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, sell-side analysts anticipate that Cintas Corporation will post 4.31 EPS for the current 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 paid a dividend of $0.45 per share. This is a boost from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date 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%.

Insider Buying and Selling at Cintas

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the firm’s stock in a transaction on 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 purchase, 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the sale, the chief executive officer owned 622,712 shares of the company’s stock, valued at $137,557,080.80. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by company insiders.

Cintas Company 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.