Cintas (NASDAQ:CTAS) Shares Acquired Rep. Rick Larsen

Representative Rick Larsen (D-Washington) recently bought shares of Cintas Co. NASDAQ: CTAS. In a filing disclosed on January 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Cintas stock on January 7th.

Representative Rick Larsen also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Booz Allen Hamilton NYSE: BAH on 1/7/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 1/7/2025.
• Sold $1,001 - $15,000 in shares of Comcast NASDAQ: CMCSA on 1/7/2025.
• Purchased $1,001 - $15,000 in shares of Broadridge Financial Solutions NYSE: BR on 1/7/2025.
• Purchased $1,001 - $15,000 in shares of Verisk Analytics NASDAQ: VRSK on 1/7/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 1/7/2025.
• Sold $1,001 - $15,000 in shares of General Dynamics NYSE: GD on 1/7/2025.

Cintas Stock Performance

NASDAQ CTAS traded up $2.35 during trading on Thursday, hitting $198.05. 1,417,871 shares of the company's stock traded hands, compared to its average volume of 2,166,297. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The stock has a market capitalization of $79.92 billion, a price-to-earnings ratio of 47.75, a PEG ratio of 3.65 and a beta of 1.37. Cintas Co. has a 12-month low of $146.29 and a 12-month high of $228.12. The business has a 50 day moving average of $206.18 and a 200-day moving average of $204.81.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the prior year, the company posted $3.61 EPS. Cintas's revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Friday, February 14th. Cintas's dividend payout ratio (DPR) is currently 37.61%.

Institutional Investors Weigh In On Cintas

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Cintas by 299.3% in the third quarter. State Street Corp now owns 14,555,558 shares of the business services provider's stock worth $2,996,697,000 after purchasing an additional 10,910,285 shares during the last quarter. FMR LLC lifted its holdings in Cintas by 297.3% in the 3rd quarter. FMR LLC now owns 8,781,132 shares of the business services provider's stock worth $1,807,860,000 after buying an additional 6,571,128 shares during the period. Geode Capital Management LLC grew its position in shares of Cintas by 309.7% in the 3rd quarter. Geode Capital Management LLC now owns 8,248,271 shares of the business services provider's stock worth $1,693,654,000 after buying an additional 6,235,052 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Cintas by 264.7% during the third quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock valued at $693,503,000 after buying an additional 2,379,932 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Cintas by 308.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,522,921 shares of the business services provider's stock valued at $519,419,000 after acquiring an additional 1,904,926 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CTAS shares. UBS Group dropped their price objective on Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a report on Friday, December 20th. The Goldman Sachs Group cut their price objective on shares of Cintas from $236.00 to $211.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Robert W. Baird decreased their target price on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a report on Friday, December 20th. Morgan Stanley upped their target price on Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company lowered their price objective on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $198.46.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington's 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2025. Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington's 2nd Congressional District. He declared candidacy for the primary scheduled on August 6, 2024. Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure. Larsen's first position as an elected official was in 1998 as a member of the Snohomish County Council. Larsen earned his bachelor's degree from Pacific Lutheran University. After earning his master's degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

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.