Belpointe Asset Management LLC Purchases 1,744 Shares of Cintas Corporation $CTAS

Belpointe Asset Management LLC increased its position in Cintas Corporation (NASDAQ:CTAS) by 290.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,345 shares of the business services provider’s stock after acquiring an additional 1,744 shares during the quarter. Belpointe Asset Management LLC’s holdings in Cintas were worth $482,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Cintas by 1.3% in the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock valued at $7,781,223,000 after acquiring an additional 491,307 shares during the period. Nuveen LLC bought a new position in shares of Cintas in the first quarter valued at approximately $1,877,760,000. Northern Trust Corp boosted its position in shares of Cintas by 0.7% in the first quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider’s stock valued at $841,749,000 after acquiring an additional 28,469 shares during the period. Royal Bank of Canada raised its stake in Cintas by 3.3% in the fourth quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider’s stock valued at $667,919,000 after purchasing an additional 115,268 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Cintas by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider’s stock valued at $591,373,000 after purchasing an additional 59,162 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $240.00 target price on shares of Cintas in a research note on Thursday, August 21st. Wells Fargo & Company raised shares of Cintas from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. JPMorgan Chase & Co. initiated coverage on shares of Cintas in a research note on Monday, July 14th. They issued an “overweight” rating and a $239.00 target price on the stock. UBS Group raised their target price on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Finally, Robert W. Baird raised their target price 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 given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Cintas currently has a consensus rating of “Hold” and a consensus price target of $224.54.

Insider Activity at Cintas

In related news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction 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 sale, the director owned 21,945 shares in the company, valued at $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Martin Mucci purchased 1,200 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the acquisition, the director owned 2,621 shares of the company’s stock, valued at $583,303.55. This represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.00% of the stock is currently owned by company insiders.

Cintas Stock Down 1.0%

Shares of Cintas stock opened at $202.37 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The stock has a market capitalization of $81.55 billion, a price-to-earnings ratio of 45.89, a P/E/G ratio of 3.53 and a beta of 1.01. The company’s 50 day moving average price is $216.03 and its 200-day moving average price is $212.85.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter last year, the business earned $3.99 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Equities research analysts forecast 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. Investors of record on Friday, August 15th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. This is an increase from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, August 15th. Cintas’s dividend payout ratio (DPR) is presently 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.