Moran Wealth Management LLC Cuts Stake in Cintas Corporation $CTAS

Moran Wealth Management LLC cut its stake in Cintas Corporation (NASDAQ:CTAS) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,917 shares of the business services provider’s stock after selling 1,309 shares during the quarter. Moran Wealth Management LLC’s holdings in Cintas were worth $14,468,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CTAS. Nuveen LLC acquired a new stake in shares of Cintas during the first quarter valued at about $1,877,760,000. Voya Investment Management LLC grew its stake in shares of Cintas by 516.8% during the first quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock valued at $175,529,000 after acquiring an additional 715,570 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Cintas by 169.7% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider’s stock valued at $187,235,000 after acquiring an additional 573,151 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Cintas by 1.3% during the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock valued at $7,781,223,000 after acquiring an additional 491,307 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Cintas by 163.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider’s stock valued at $171,132,000 after acquiring an additional 476,336 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $187.94 on Tuesday. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The company has a market cap of $75.53 billion, a PE ratio of 42.62, a P/E/G ratio of 3.25 and a beta of 1.01. The stock has a 50 day simple moving average of $207.59 and a 200-day simple moving average of $213.04. 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. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the company earned $1.10 earnings per share. The firm’s quarterly 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. On average, equities research analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

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

Insider Buying and Selling at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the company’s 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 approximately $137,557,080.80. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin Mucci purchased 1,200 shares of the company’s stock in a transaction on Monday, July 21st. The stock was bought at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the acquisition, the director directly owned 2,621 shares of the company’s stock, valued at $583,303.55. This represents a 84.45% increase in their position. The disclosure for this purchase can be found here. 14.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CTAS has been the subject of several research analyst reports. Royal Bank Of Canada lowered their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a report on Thursday, September 25th. Robert W. Baird boosted their price objective on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. UBS Group boosted their price objective on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. JPMorgan Chase & Co. lowered their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Finally, 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 report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $222.09.

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.