Segment Wealth Management LLC Sells 2,585 Shares of Cintas Corporation $CTAS

Segment Wealth Management LLC cut its position in shares of Cintas Corporation (NASDAQ:CTAS) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,306 shares of the business services provider’s stock after selling 2,585 shares during the period. Cintas comprises about 1.4% of Segment Wealth Management LLC’s investment portfolio, making the stock its 16th largest position. Segment Wealth Management LLC’s holdings in Cintas were worth $21,910,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CTAS. Brighton Jones LLC boosted its stake 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 buying an additional 108 shares in the last quarter. Merit Financial Group LLC lifted its stake in shares of Cintas by 33.9% during the first quarter. Merit Financial Group LLC now owns 13,013 shares of the business services provider’s stock valued at $2,675,000 after acquiring an additional 3,295 shares during the period. RFG Advisory LLC acquired a new position in Cintas in the first quarter valued at about $239,000. Retirement Planning Group LLC acquired a new position in Cintas in the first quarter valued at about $211,000. Finally, Signal Advisors Wealth LLC lifted its stake in Cintas by 9.7% in the first quarter. Signal Advisors Wealth LLC now owns 1,768 shares of the business services provider’s stock valued at $363,000 after buying an additional 156 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Down 0.1%

NASDAQ:CTAS opened at $202.61 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The company has a market cap of $81.65 billion, a PE ratio of 45.94, a PEG ratio of 3.50 and a beta of 1.01. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The stock has a 50-day simple moving average of $211.00 and a 200 day simple moving average of $212.99.

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

Wall Street Analysts Forecast Growth

CTAS has been the topic of several analyst reports. UBS Group increased their target price on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a report on Saturday, September 27th. Robert W. Baird increased their price target on Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. The Goldman Sachs Group increased their price target on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $222.09.

Insider Buying and Selling at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the transaction, the director directly owned 21,945 shares in the company, valued at $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Martin Mucci purchased 1,200 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was bought at an average price of $222.55 per share, with a total value of $267,060.00. Following the completion of the purchase, the director owned 2,621 shares of the company’s stock, valued at approximately $583,303.55. This represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 14.90% of the company’s stock.

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.