Wilmington Savings Fund Society FSB Sells 1,662 Shares of Cintas Corporation $CTAS

Wilmington Savings Fund Society FSB lessened its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 18.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,121 shares of the business services provider’s stock after selling 1,662 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Cintas were worth $1,587,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Alpha Financial Partners LLC increased its position in shares of Cintas by 2.9% during the 2nd quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock valued at $357,000 after purchasing an additional 45 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Cintas by 3.9% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 47 shares during the last quarter. Oarsman Capital Inc. increased its position in shares of Cintas by 3.9% during the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 49 shares during the last quarter. Independent Wealth Network Inc. grew its stake in shares of Cintas by 4.8% during the 2nd quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 49 shares during the period. Finally, PDS Planning Inc grew its stake in shares of Cintas by 2.0% during the 2nd quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock valued at $559,000 after acquiring an additional 49 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 0.4%

CTAS stock opened at $187.45 on Thursday. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The company has a market capitalization of $75.33 billion, a price-to-earnings ratio of 42.51, a PEG ratio of 3.25 and a beta of 1.01. The business has a 50 day simple moving average of $206.16 and a two-hundred day simple moving average of $212.69.

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

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.0%. 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 currently 40.82%.

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of recent research reports. UBS Group boosted their price objective on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. The Goldman Sachs Group boosted their price objective on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Wells Fargo & Company cut their price objective on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Citigroup boosted their price objective on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. Finally, JPMorgan Chase & Co. cut their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Cintas presently has a consensus rating of “Hold” and a consensus price target of $222.09.

Insider Activity

In other news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the transaction, the chief executive officer directly owned 622,712 shares in the company, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the transaction, the director owned 21,945 shares of the company’s stock, valued at $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company’s stock.

Cintas 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.