Cintas Corporation $CTAS Shares Purchased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. increased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 36.7% during the second quarter, Holdings Channel.com reports. The fund owned 5,479 shares of the business services provider’s stock after acquiring an additional 1,470 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Cintas were worth $1,221,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CTAS. Brighton Jones LLC grew its holdings in Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after acquiring an additional 108 shares during the period. Sivia Capital Partners LLC acquired a new position in Cintas during the first quarter worth about $208,000. Patriot Financial Group Insurance Agency LLC acquired a new position in Cintas during the first quarter worth about $244,000. Capital Investment Advisors LLC grew its holdings in Cintas by 6.6% during the first quarter. Capital Investment Advisors LLC now owns 2,470 shares of the business services provider’s stock worth $508,000 after acquiring an additional 154 shares during the period. Finally, First Citizens Bank & Trust Co. grew its holdings in Cintas by 45.5% during the first quarter. First Citizens Bank & Trust Co. now owns 3,282 shares of the business services provider’s stock worth $675,000 after acquiring an additional 1,027 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Trading Up 0.1%

Shares of NASDAQ CTAS opened at $199.17 on Wednesday. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The firm has a market capitalization of $80.26 billion, a PE ratio of 45.16, a PEG ratio of 3.44 and a beta of 1.01. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $210.10 and a two-hundred day moving average price of $213.19.

Cintas (NASDAQ:CTAS) last announced 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. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a dividend of $0.45 per share. 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 positive change from Cintas’s previous quarterly dividend of $0.39. Cintas’s dividend payout ratio is presently 40.82%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CTAS. The Goldman Sachs Group lifted their target price on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Citigroup lifted their price target on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research note on Friday, September 26th. Royal Bank Of Canada dropped their price target on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. JPMorgan Chase & Co. dropped their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Finally, Wells Fargo & Company dropped their price target on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. One research 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 issued a Sell rating to the company. According to MarketBeat.com, Cintas presently has an average rating of “Hold” and an average target price of $222.09.

Insider Activity at Cintas

In related news, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total value of $1,136,121.48. Following the transaction, the director directly owned 21,945 shares of the company’s stock, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martin Mucci acquired 1,200 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the purchase, the director directly owned 2,621 shares in the company, valued at $583,303.55. This represents a 84.45% increase in their position. The disclosure for this purchase can be found here. 14.90% of the stock is 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.