Lbmc Investment Advisors LLC Makes New $206,000 Investment in Cintas Corporation $CTAS

by · The Cerbat Gem

Lbmc Investment Advisors LLC acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 924 shares of the business services provider’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently bought and sold shares of CTAS. Nuveen LLC purchased a new position in Cintas during the 1st quarter worth $1,877,760,000. GAMMA Investing LLC boosted its holdings in Cintas by 19,644.3% during the 1st quarter. GAMMA Investing LLC now owns 2,263,091 shares of the business services provider’s stock worth $465,133,000 after acquiring an additional 2,251,629 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Cintas by 516.8% during the 1st quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock worth $175,529,000 after acquiring an additional 715,570 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Cintas by 169.7% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider’s stock worth $187,235,000 after acquiring an additional 573,151 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Cintas by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock worth $7,781,223,000 after acquiring an additional 491,307 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Down 0.2%

Shares of CTAS opened at $199.29 on Wednesday. The business’s 50-day moving average price is $215.36 and its 200-day moving average price is $212.77. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The stock has a market cap of $80.31 billion, a PE 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 (NASDAQ:CTAS – Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. The company had revenue of $2.67 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the business earned $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, equities analysts forecast 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. Shareholders of record on Friday, August 15th were given a dividend of $0.45 per share. The ex-dividend date was Friday, August 15th. This is an increase from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas’s dividend payout ratio (DPR) is 40.82%.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a report 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 report on Friday, July 18th. JPMorgan Chase & Co. started coverage on shares of Cintas in a research report on Monday, July 14th. They set an “overweight” rating and a $239.00 price target for the company. Royal Bank Of Canada restated a “sector perform” rating and set a $240.00 price target on shares of Cintas in a research report on Thursday, August 21st. Finally, The Goldman Sachs Group increased their price target on shares of Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $224.54.

View Our Latest Research Report on CTAS

Insider Buying and Selling at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 622,712 shares in the company, valued at $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the transaction, 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 disclosure for this sale can be found here. Company insiders own 15.00% of the company’s stock.

Cintas Profile

(Free Report)

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.

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