Rep. Jefferson Shreve Sells Off Shares of Cintas Corporation (NASDAQ:CTAS)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Cintas Corporation (NASDAQ:CTAS). In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Cintas stock on May 12th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Hubbell (NYSE:HUBB) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Trane Technologies (NYSE:TT) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of NiSource (NYSE:NI) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Johnson & Johnson (NYSE:JNJ) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of AppLovin (NASDAQ:APP) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Fiserv (NYSE:FI) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of CNO Financial Group (NYSE:CNO) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Cboe Global Markets (NASDAQ:CBOE) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Lam Research (NASDAQ:LRCX) on 5/12/2025.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $221.50 on Friday. The company has a fifty day moving average price of $221.43 and a 200 day moving average price of $210.36. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52. The firm has a market cap of $89.26 billion, a PE ratio of 50.23, a PEG ratio of 3.50 and a beta of 1.05.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the prior year, the business posted $3.99 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 15th. This is a boost from Cintas’s previous quarterly dividend of $0.39. Cintas’s dividend payout ratio (DPR) is currently 40.82%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Alpha Financial Partners LLC increased its position in shares of Cintas by 2.9% during the second quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock worth $357,000 after acquiring an additional 45 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Cintas by 3.9% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock worth $258,000 after acquiring an additional 47 shares in the last quarter. Oarsman Capital Inc. boosted its holdings in Cintas by 3.9% during the first quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock worth $272,000 after purchasing an additional 49 shares during the last quarter. Independent Wealth Network Inc. boosted its holdings in Cintas by 4.8% during the second quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock worth $240,000 after purchasing an additional 49 shares during the last quarter. Finally, PDS Planning Inc boosted its holdings in Cintas by 2.0% during the second quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock worth $559,000 after purchasing an additional 49 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on CTAS. Redburn Atlantic downgraded shares of Cintas from a “neutral” rating to a “sell” rating and set a $171.00 price objective for the company. in a research note on Thursday, May 1st. Wells Fargo & Company upgraded shares of Cintas from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $196.00 to $221.00 in a research note on Tuesday, July 1st. Argus upgraded shares of Cintas to a “strong-buy” rating in a research note on Wednesday, April 16th. The Goldman Sachs Group raised their target price on shares of Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. began coverage on shares of Cintas in a research note on Monday, July 14th. They issued an “overweight” rating and a $239.00 target price for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $224.54.

Insider Buying and Selling

In other news, Director Martin Mucci purchased 1,200 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were acquired at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the acquisition, the director owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd M. Schneider sold 17,301 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by corporate insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Cintas Company 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.