Price T Rowe Associates Inc. MD Grows Holdings in Cintas Co. (NASDAQ:CTAS)

25 Apr 2025, 07:26 by Teresa Graham · The Cerbat Gem

Price T Rowe Associates Inc. MD boosted its holdings in shares of Cintas Co. (NASDAQ:CTAS – Free Report) by 3.2% in the fourth quarter, HoldingsChannel reports. The fund owned 2,570,635 shares of the business services provider’s stock after acquiring an additional 78,533 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Cintas were worth $469,656,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CTAS. Sound Income Strategies LLC purchased a new position in shares of Cintas during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC bought a new position in Cintas during the 4th quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in Cintas during the fourth quarter valued at $31,000. IAG Wealth Partners LLC boosted its holdings in Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after acquiring an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Cintas in the fourth quarter worth $34,000. Institutional investors own 63.46% of the company’s stock.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $208.96, for a total value of $1,780,548.16. Following the completion of the transaction, the director now directly owns 27,029 shares in the company, valued at $5,647,979.84. This represents a 23.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jim Rozakis sold 2,000 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the sale, the chief operating officer now owns 256,528 shares in the company, valued at $48,835,235.36. The trade was a 0.77 % 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 Price Performance

NASDAQ CTAS opened at $209.75 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $84.69 billion, a P/E ratio of 50.57, a PEG ratio of 3.98 and a beta of 1.20. The company has a 50-day moving average price of $201.51 and a 200-day moving average price of $204.36. Cintas Co. has a 52 week low of $162.16 and a 52 week high of $228.12.

Cintas (NASDAQ:CTAS – Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the firm earned $3.84 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Equities research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas’s dividend payout ratio is presently 36.11%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CTAS. Truist Financial lifted their price target on Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Wells Fargo & Company lifted their target price on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a report on Thursday, March 27th. UBS Group increased their price target on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Morgan Stanley boosted their price objective on shares of Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday, March 27th. Finally, Robert W. Baird increased their target price on Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $213.62.

View Our Latest Research Report on CTAS

Cintas Company 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.