Verde Capital Management Raises Stock Position in Cintas Corporation $CTAS

Verde Capital Management lifted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 5.8% during the second quarter, HoldingsChannel.com reports. The fund owned 13,895 shares of the business services provider’s stock after buying an additional 766 shares during the quarter. Cintas makes up approximately 0.8% of Verde Capital Management’s investment portfolio, making the stock its 27th biggest holding. Verde Capital Management’s holdings in Cintas were worth $3,097,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CTAS. WPG Advisers LLC purchased a new position in shares of Cintas during the first quarter worth approximately $27,000. Saudi Central Bank purchased a new position in shares of Cintas during the first quarter worth approximately $29,000. Stone House Investment Management LLC purchased a new position in shares of Cintas during the first quarter worth approximately $41,000. Resources Management Corp CT ADV purchased a new position in shares of Cintas during the first quarter worth approximately $41,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in Cintas by 646.4% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock valued at $43,000 after buying an additional 181 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CTAS. JPMorgan Chase & Co. began coverage on shares of Cintas in a report on Monday, July 14th. They set an “overweight” rating and a $239.00 price objective on the stock. UBS Group lifted their price objective on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. Wells Fargo & Company raised shares of Cintas from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. Robert W. Baird lifted their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Finally, Morgan Stanley lifted their price objective on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Cintas has a consensus rating of “Hold” and a consensus target price of $224.54.

Insider Transactions at Cintas

In related news, Director Martin Mucci acquired 1,200 shares of the stock in a transaction dated Monday, July 21st. The stock was acquired 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 owned 2,621 shares of the company’s stock, valued at approximately $583,303.55. This represents a 84.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the sale, the director owned 21,945 shares of the company’s stock, 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. Insiders own 15.00% of the company’s stock.

Cintas Price Performance

Shares of CTAS opened at $202.37 on Friday. The company has a market cap of $81.55 billion, a price-to-earnings ratio of 45.89, a price-to-earnings-growth ratio of 3.53 and a beta of 1.01. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average of $216.03 and a two-hundred day moving average of $212.85.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same period last year, the firm earned $3.99 earnings per share. Cintas’s revenue was up 8.0% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.710-4.85 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, August 15th. This is an increase from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s payout ratio is presently 40.82%.

About Cintas

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.