Rep. Rick Larsen Buys Cintas Co. (NASDAQ:CTAS) Shares

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 Up 1.8 %

Shares of CTAS opened at $195.70 on Thursday. The company has a market capitalization of $78.97 billion, a price-to-earnings ratio of 47.19, a PEG ratio of 3.65 and a beta of 1.37. Cintas Co. has a 52 week low of $146.29 and a 52 week high of $228.12. The stock’s 50-day moving average price is $206.61 and its 200-day moving average price is $204.87. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.61 EPS. On average, sell-side analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.80%. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Truist Financial cut their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Jefferies Financial Group dropped their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a report on Thursday, September 26th. Finally, Wells Fargo & Company reduced their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Cintas has an average rating of “Hold” and an average price target of $198.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTAS. Clarius Group LLC grew its holdings in shares of Cintas by 6.0% during the fourth quarter. Clarius Group LLC now owns 2,209 shares of the business services provider’s stock worth $404,000 after buying an additional 126 shares in the last quarter. Aaron Wealth Advisors LLC lifted its stake in shares of Cintas by 2.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after buying an additional 55 shares in the last quarter. HB Wealth Management LLC boosted its position in Cintas by 1.9% during the fourth quarter. HB Wealth Management LLC now owns 6,800 shares of the business services provider’s stock worth $1,242,000 after acquiring an additional 126 shares during the last quarter. Lake Street Private Wealth LLC purchased a new stake in Cintas during the 4th quarter valued at about $234,000. Finally, Brooklyn Investment Group raised its holdings in Cintas by 4.8% in the 4th quarter. Brooklyn Investment Group now owns 2,981 shares of the business services provider’s stock valued at $545,000 after acquiring an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

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.

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.