Cintas Corporation $CTAS Shares Sold by Cypress Capital Group

Cypress Capital Group lowered its position in shares of Cintas Corporation (NASDAQ:CTAS) by 5.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,222 shares of the business services provider’s stock after selling 196 shares during the period. Cypress Capital Group’s holdings in Cintas were worth $718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in CTAS. Brighton Jones LLC increased its holdings in Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 108 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in shares of Cintas during the 1st quarter worth $333,000. Salem Investment Counselors Inc. lifted its position in shares of Cintas by 11.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 577 shares of the business services provider’s stock worth $119,000 after purchasing an additional 57 shares during the last quarter. Elevation Point Wealth Partners LLC raised its stake in Cintas by 9.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 5,193 shares of the business services provider’s stock worth $1,067,000 after acquiring an additional 457 shares in the last quarter. Finally, CVA Family Office LLC raised its stake in Cintas by 3.9% during the 1st quarter. CVA Family Office LLC now owns 1,453 shares of the business services provider’s stock worth $299,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CTAS. Robert W. Baird lifted their price objective 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. Royal Bank Of Canada decreased their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock 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 company a “sell” rating in a report on Friday, September 26th. UBS Group upped their price objective on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. 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 issued a Sell rating to the company. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and a consensus price target of $222.09.

Insiders Place Their Bets

In other Cintas news, Director Martin Mucci acquired 1,200 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were purchased at an average price of $222.55 per share, with a total value of $267,060.00. Following the completion of the transaction, the director owned 2,621 shares in the company, valued at $583,303.55. The trade was a 84.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 622,712 shares of the company’s stock, valued at $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. Corporate insiders own 14.90% of the company’s stock.

Cintas Stock Down 2.0%

CTAS stock opened at $187.96 on Monday. 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 fifty-two week low of $180.78 and a fifty-two week high of $229.24. The firm’s 50-day simple moving average is $208.33 and its 200 day simple moving average is $213.14. The stock has a market cap of $75.54 billion, a PE ratio of 42.62, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last released 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 firm 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%. Cintas’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, sell-side analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a $0.45 dividend. The ex-dividend date was Friday, August 15th. This is a positive change from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Cintas’s dividend payout ratio is 40.82%.

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.