Ritholtz Wealth Management Has $6.72 Million Holdings in Cintas Corporation $CTAS

Ritholtz Wealth Management boosted its stake in Cintas Corporation (NASDAQ:CTAS) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,152 shares of the business services provider’s stock after buying an additional 1,005 shares during the quarter. Ritholtz Wealth Management’s holdings in Cintas were worth $6,720,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. WPG Advisers LLC acquired a new stake in shares of Cintas in the 1st quarter valued at $27,000. Saudi Central Bank bought a new position in Cintas during the 1st quarter valued at about $29,000. Stone House Investment Management LLC acquired a new position in Cintas in the first quarter valued at about $41,000. Resources Management Corp CT ADV bought a new stake in Cintas during the first quarter worth about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake 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 worth $43,000 after buying an additional 181 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Insider Activity at Cintas

In other news, 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 transaction, the chief executive officer owned 622,712 shares of the company’s stock, valued at $137,557,080.80. This represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Martin Mucci acquired 1,200 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The shares were bought at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the purchase, the director owned 2,621 shares of the company’s stock, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.90% of the stock is currently owned by company insiders.

Cintas Trading Up 0.2%

CTAS stock opened at $188.23 on Wednesday. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The company has a market cap of $75.64 billion, a P/E ratio of 42.68, a PEG ratio of 3.25 and a beta of 1.01. The business has a fifty day moving average of $206.89 and a 200-day moving average of $212.86.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the company earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, equities research analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. Cintas’s payout ratio is presently 40.82%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CTAS shares. Robert W. Baird lifted their target price on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Citigroup lifted their price objective on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. Royal Bank Of Canada decreased their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. Morgan Stanley lifted their price target on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $222.09.

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.