Concurrent Investment Advisors LLC Increases Stock Holdings in Cintas Corporation $CTAS

Concurrent Investment Advisors LLC boosted its position in shares of Cintas Corporation (NASDAQ:CTAS) by 22.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,191 shares of the business services provider’s stock after acquiring an additional 2,994 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Cintas were worth $3,608,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC raised its position in Cintas by 3.9% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 47 shares in the last quarter. Oarsman Capital Inc. lifted its stake in Cintas by 3.9% during the first quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock worth $272,000 after purchasing an additional 49 shares during the last quarter. Independent Wealth Network Inc. lifted its stake in Cintas by 4.8% during the second quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock worth $240,000 after purchasing an additional 49 shares during the last quarter. PDS Planning Inc lifted its stake in Cintas by 2.0% during the second quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock worth $559,000 after purchasing an additional 49 shares during the last quarter. Finally, Truvestments Capital LLC lifted its stake in Cintas by 17.4% during the first quarter. Truvestments Capital LLC now owns 338 shares of the business services provider’s stock worth $69,000 after purchasing an additional 50 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Trading Down 0.0%

Shares of CTAS stock opened at $187.94 on Tuesday. The business’s 50 day moving average is $207.59 and its two-hundred day moving average is $213.04. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The company has a market capitalization of $75.53 billion, a P/E ratio of 42.62, a price-to-earnings-growth ratio of 3.25 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.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the business earned $1.10 earnings per share. 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 forecast 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. Investors of record on Friday, August 15th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. Cintas’s dividend payout ratio (DPR) is presently 40.82%.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a research report on Wednesday, October 8th. UBS Group increased their price target on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Robert W. Baird increased their price target on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Morgan Stanley increased their price target on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada decreased their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research note on Thursday, September 25th. One 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 company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $222.09.

Insider Activity at Cintas

In related news, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction that occurred 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 directly owned 622,712 shares in the company, valued at $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the sale, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.90% of the company’s stock.

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.