Axiom Investors LLC DE Grows Stock Position in Cintas Corporation $CTAS

Axiom Investors LLC DE grew its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 16.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,058,843 shares of the business services provider’s stock after buying an additional 147,851 shares during the period. Cintas accounts for 2.0% of Axiom Investors LLC DE’s investment portfolio, making the stock its 19th biggest position. Axiom Investors LLC DE owned approximately 0.26% of Cintas worth $217,624,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new position in Cintas during the first quarter worth $41,000. E Fund Management Hong Kong Co. Ltd. increased its position 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 worth $43,000 after buying an additional 181 shares in the last quarter. Washington Trust Advisors Inc. purchased a new position in Cintas during the first quarter worth $46,000. Greykasell Wealth Strategies Inc. purchased a new position in Cintas during the first quarter worth $46,000. Finally, Wellington Shields & Co. LLC purchased a new position in Cintas during the first quarter worth $51,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS stock opened at $204.50 on Monday. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The company’s fifty day simple moving average is $217.78 and its 200-day simple moving average is $212.97. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52. The company has a market cap of $82.41 billion, a PE ratio of 46.37, a P/E/G ratio of 3.53 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. Cintas’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, equities research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 15th. This is a positive change from Cintas’s previous quarterly dividend of $0.39. Cintas’s payout ratio is currently 40.82%.

Insider Transactions at Cintas

In other news, Director Martin Mucci purchased 1,200 shares of the stock in a transaction dated 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 transaction, the director owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction on Monday, July 28th. The shares were 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 approximately $137,557,080.80. This trade represents a 2.70% 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Cintas in a report on Monday, July 14th. They set an “overweight” rating and a $239.00 price objective on the stock. The Goldman Sachs Group upped their price objective on shares of Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Wells Fargo & Company raised shares of Cintas from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Morgan Stanley upped their price objective on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Finally, Robert W. Baird upped their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $224.54.

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.