Sterling Investment Counsel LLC Has $770,000 Holdings in Cintas Corporation $CTAS

Sterling Investment Counsel LLC reduced its holdings in Cintas Corporation (NASDAQ:CTAS) by 8.6% during the 2nd quarter, Holdings Channel reports. The fund owned 3,456 shares of the business services provider’s stock after selling 325 shares during the quarter. Sterling Investment Counsel LLC’s holdings in Cintas were worth $770,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. WPG Advisers LLC acquired a new position in shares of Cintas in the 1st quarter worth approximately $27,000. Saudi Central Bank acquired a new position in shares of Cintas in the 1st quarter worth approximately $29,000. Stone House Investment Management LLC acquired a new position in shares of Cintas in the 1st quarter worth approximately $41,000. Resources Management Corp CT ADV acquired a new position in shares of Cintas in the 1st quarter worth approximately $41,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Cintas by 646.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock worth $43,000 after acquiring an additional 181 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of Cintas stock opened at $202.91 on Friday. The firm has a fifty day moving average of $211.42 and a two-hundred day moving average of $212.93. The stock has a market capitalization of $81.77 billion, a price-to-earnings ratio of 46.01, a PEG ratio of 3.52 and a beta of 1.01. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, equities research analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, August 15th. This is a positive change from Cintas’s previous quarterly dividend of $0.39. Cintas’s dividend payout ratio is presently 40.82%.

Insider Buying and Selling at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the company’s stock in a transaction on Wednesday, July 30th. The shares were 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 owned 21,945 shares in the company, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Martin Mucci bought 1,200 shares of the company’s stock in a transaction on Monday, July 21st. The shares were acquired at an average price of $222.55 per share, with a total value of $267,060.00. Following the transaction, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. The trade was a 84.45% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 14.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their target price on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Royal Bank Of Canada reduced their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. The Goldman Sachs Group upped their price objective on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Morgan Stanley upped their price objective on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Finally, Citigroup upped their price objective on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Cintas presently has a consensus rating of “Hold” and an average price target of $222.09.

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.