Securian Asset Management Inc. Has $3.98 Million Stock Holdings in Cintas Corporation $CTAS

Securian Asset Management Inc. cut its position in Cintas Corporation (NASDAQ:CTAS) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

Several other large investors also recently made changes to their positions in CTAS. Brighton Jones LLC grew its stake in shares of 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 during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Cintas in the 1st quarter valued at about $210,000. Advisor Resource Council acquired a new stake in shares of Cintas in the 1st quarter valued at about $308,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Cintas by 18.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,483 shares of the business services provider’s stock valued at $7,910,000 after buying an additional 5,989 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in Cintas by 11.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 16,739 shares of the business services provider’s stock valued at $3,440,000 after acquiring an additional 1,699 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Cintas stock opened at $196.49 on Wednesday. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The company’s 50 day moving average price is $203.44 and its two-hundred day moving average price is $212.39. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The stock 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.

Cintas (NASDAQ:CTAS) last posted 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 net margin of 17.54% and a return on equity of 40.41%. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the firm earned $1.10 EPS. The company’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 analysts predict that Cintas Corporation will post 4.31 earnings per share 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 given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. This is an increase from Cintas’s previous quarterly dividend of $0.39. Cintas’s payout ratio is 40.82%.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of analyst reports. Morgan Stanley lifted their price target on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cintas in a research note on Wednesday, October 8th. Citigroup lifted their price target on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. cut their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, The Goldman Sachs Group lifted their price target on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued 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 presently has a consensus rating of “Hold” and an average target price of $222.09.

Insider Activity at Cintas

In related news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the sale, the director owned 21,945 shares of the company’s stock, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction that occurred 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 directly owned 622,712 shares in the company, valued at $137,557,080.80. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. 14.90% of the stock is owned by company insiders.

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.