Focus Financial Network Inc. Raises Position in Cintas Corporation $CTAS

Focus Financial Network Inc. increased its holdings in Cintas Corporation (NASDAQ:CTAS) by 61.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,292 shares of the business services provider’s stock after buying an additional 875 shares during the period. Focus Financial Network Inc.’s holdings in Cintas were worth $511,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in Cintas during the first quarter valued at about $27,000. Saudi Central Bank purchased a new stake in Cintas during the first quarter valued at about $29,000. Stone House Investment Management LLC purchased a new stake in Cintas during the first quarter valued at about $41,000. Resources Management Corp CT ADV purchased a new stake in Cintas during the first quarter valued at about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. raised 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 valued at $43,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

CTAS stock opened at $200.13 on Friday. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The firm has a market capitalization of $80.65 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 3.45 and a beta of 1.01. The firm has a 50 day moving average price of $214.38 and a 200-day moving average price of $212.65. 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 (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.63 billion. During the same period in the previous year, the business earned $3.99 EPS. The firm’s revenue for the quarter 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 fiscal year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. 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 presently 40.82%.

Insiders Place Their Bets

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 622,712 shares of the company’s stock, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction that occurred 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 completion of the sale, the director directly owned 21,945 shares of the company’s stock, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Robert W. Baird raised their price target on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. started coverage on Cintas in a research note on Monday, July 14th. They set an “overweight” rating and a $239.00 price objective on the stock. 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. 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. Finally, 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. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $224.54.

Cintas Company 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.