Patriot Financial Group Insurance Agency LLC Buys 129 Shares of Cintas Corporation $CTAS

Patriot Financial Group Insurance Agency LLC raised its stake in Cintas Corporation (NASDAQ:CTAS) by 10.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,318 shares of the business services provider’s stock after purchasing an additional 129 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Cintas were worth $294,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC bought a new position in Cintas in the first quarter valued at approximately $27,000. Saudi Central Bank acquired a new stake in shares of Cintas in the first quarter valued at approximately $29,000. Stone House Investment Management LLC acquired a new stake in shares of Cintas in the first quarter valued at approximately $41,000. Resources Management Corp CT ADV acquired a new stake in shares of Cintas in the first quarter valued at approximately $41,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its position 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 currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CTAS. Wells Fargo & Company cut their price objective on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Morgan Stanley raised their price objective on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. cut their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Citigroup raised their price objective on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. Finally, UBS Group raised their price objective on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cintas has a consensus rating of “Hold” and a consensus target price of $222.09.

Insider Buying and Selling

In related news, Director Ronald W. Tysoe sold 5,084 shares of the business’s stock in a transaction 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $220.90, for a total value of $3,821,790.90. Following the sale, the chief executive officer owned 622,712 shares in the company, valued at $137,557,080.80. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by corporate insiders.

Cintas Trading Down 0.1%

Shares of CTAS opened at $202.61 on Friday. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The business’s fifty day moving average is $211.00 and its 200-day moving average is $213.11. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The firm has a market cap of $81.65 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 3.50 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the company posted $1.10 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts anticipate that Cintas Corporation will post 4.31 EPS 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 paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, August 15th. This is a positive change from Cintas’s previous quarterly dividend of $0.39. Cintas’s dividend payout ratio is 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.