Securian Asset Management Inc. Sells 348 Shares of Cintas Corporation $CTAS

Securian Asset Management Inc. cut its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,854 shares of the business services provider’s stock after selling 348 shares during the period. Securian Asset Management Inc.’s holdings in Cintas were worth $3,979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTAS. WPG Advisers LLC bought a new stake in Cintas during the first quarter worth $27,000. Saudi Central Bank acquired a new position in shares of Cintas during the first quarter worth $29,000. Stone House Investment Management LLC acquired a new position in shares of Cintas during the first quarter worth $41,000. Resources Management Corp CT ADV acquired a new position in shares of Cintas during the first quarter worth $41,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of 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 in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Up 2.2%

Shares of NASDAQ:CTAS opened at $196.49 on Wednesday. The firm has a market cap of $78.96 billion, a P/E ratio of 44.56, a P/E/G ratio of 3.32 and a beta of 1.01. 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 12-month low of $180.78 and a 12-month high of $229.24. The business has a fifty day simple moving average of $203.44 and a 200 day simple moving average of $212.39.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the business posted $1.10 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Analysts predict that Cintas Corporation will post 4.31 earnings per share for the current 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 issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, August 15th. This is an increase from Cintas’s previous quarterly dividend of $0.39. Cintas’s dividend payout ratio (DPR) is 40.82%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CTAS. Wells Fargo & Company lowered their price target on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Citigroup upped their price target on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. The Goldman Sachs Group upped their price target on shares of Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Royal Bank Of Canada lowered their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a report on Thursday, September 25th. Finally, Robert W. Baird upped their price target on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $222.09.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction dated 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 owned 622,712 shares of the company’s stock, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.90% of the company’s stock.

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.