MGO One Seven LLC Purchases 925 Shares of Cintas Corporation $CTAS

MGO One Seven LLC boosted its position in shares of Cintas Corporation (NASDAQ:CTAS) by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,438 shares of the business services provider’s stock after buying an additional 925 shares during the period. MGO One Seven LLC’s holdings in Cintas were worth $2,549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in Cintas during the first quarter valued at approximately $27,000. Saudi Central Bank bought a new position in Cintas during the first quarter valued at approximately $29,000. Stone House Investment Management LLC bought a new stake in shares of Cintas in the 1st quarter valued at approximately $41,000. Resources Management Corp CT ADV bought a new stake in shares of Cintas in the 1st quarter valued at approximately $41,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Cintas by 646.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 181 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Martin Mucci acquired 1,200 shares of Cintas stock in a transaction on Monday, July 21st. The shares were bought at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the acquisition, the director directly owned 2,621 shares of the company’s stock, valued at $583,303.55. This trade represents a 84.45% increase in their position. The purchase 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 firm’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 transaction, the chief executive officer 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 disclosure for this sale can be found here. 14.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CTAS. Royal Bank Of Canada lowered their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research note on Thursday, September 25th. The Goldman Sachs Group raised their price objective on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. 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 note on Friday, July 18th. Citigroup raised their price objective on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note 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 note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cintas currently has an average rating of “Hold” and an average price target of $222.09.

Cintas Price Performance

Shares of CTAS stock opened at $188.23 on Wednesday. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. 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 capitalization of $75.64 billion, a P/E ratio of 42.68, a P/E/G ratio of 3.25 and a beta of 1.01. The stock has a 50 day moving average price of $206.89 and a 200 day moving average price of $212.86.

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, topping 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 during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company earned $1.10 EPS. Cintas’s quarterly revenue was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, sell-side analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 15th. This is an increase from Cintas’s previous quarterly dividend of $0.39. Cintas’s dividend payout ratio (DPR) 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.