NorthRock Partners LLC Has $2.07 Million Stake in Cintas Corporation $CTAS

NorthRock Partners LLC lifted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 10.4% during the second quarter, HoldingsChannel reports. The firm owned 9,264 shares of the business services provider’s stock after acquiring an additional 872 shares during the quarter. NorthRock Partners LLC’s holdings in Cintas were worth $2,065,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its holdings in shares of Cintas by 0.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 29,604 shares of the business services provider’s stock valued at $6,598,000 after buying an additional 100 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Cintas by 39.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,287 shares of the business services provider’s stock valued at $3,407,000 after buying an additional 4,359 shares during the last quarter. MGO One Seven LLC boosted its holdings in shares of Cintas by 8.8% in the 2nd quarter. MGO One Seven LLC now owns 11,438 shares of the business services provider’s stock valued at $2,549,000 after buying an additional 925 shares during the last quarter. Alpha Financial Partners LLC boosted its holdings in shares of Cintas by 2.9% in the 2nd quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock valued at $357,000 after buying an additional 45 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Cintas by 34.8% in the 2nd quarter. CWM LLC now owns 35,210 shares of the business services provider’s stock valued at $7,847,000 after buying an additional 9,085 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CTAS shares. JPMorgan Chase & Co. dropped their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Citigroup increased their price target on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. Wells Fargo & Company dropped their price target on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Robert W. Baird increased their price target on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Finally, UBS Group increased their price target on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $222.09.

Cintas Stock Down 2.0%

Shares of CTAS opened at $187.96 on Monday. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The firm’s 50 day moving average is $208.33 and its 200-day moving average is $213.14. The stock has a market capitalization of $75.54 billion, a PE ratio of 42.62, a P/E/G ratio of 3.25 and a beta of 1.01. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. The company had revenue of $2.72 billion for 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% on a year-over-year basis. During the same period last year, the firm earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities research analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a dividend of $0.45 per share. This is an increase from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Cintas’s payout ratio is currently 40.82%.

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction 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 sale, the director directly owned 21,945 shares of the company’s stock, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $220.90, for a total value of $3,821,790.90. Following the sale, the chief executive officer directly owned 622,712 shares in the company, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by insiders.

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.