Cintas Corporation $CTAS Stock Position Lowered by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. lessened its position in Cintas Corporation (NASDAQ:CTAS) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,484 shares of the business services provider’s stock after selling 304 shares during the quarter. Cintas makes up about 1.9% of Cabot Wealth Management Inc.’s holdings, making the stock its 17th biggest holding. Cabot Wealth Management Inc.’s holdings in Cintas were worth $15,932,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of Cintas in the 1st quarter valued at approximately $27,000. Saudi Central Bank purchased a new stake in Cintas in the 1st quarter worth approximately $29,000. Stone House Investment Management LLC purchased a new stake in Cintas in the 1st quarter worth approximately $41,000. Resources Management Corp CT ADV purchased a new stake in Cintas in the 1st quarter worth approximately $41,000. Finally, Washington Trust Advisors Inc. purchased a new stake in Cintas in the 1st quarter worth approximately $46,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ CTAS opened at $190.83 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The firm has a market capitalization of $76.69 billion, a price-to-earnings ratio of 43.27, a P/E/G ratio of 3.30 and a beta of 1.01. The company’s fifty day moving average is $201.72 and its two-hundred day moving average is $212.43. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities research analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a dividend of $0.45 per share. This is an increase from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is presently 40.82%.

Insider Activity

In other news, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the sale, the chief executive officer directly owned 622,712 shares in the company, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the sale, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Cintas in a research report on Friday. UBS Group increased their target price on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. The Goldman Sachs Group increased their target price on shares of Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Morgan Stanley raised their price target on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Finally, Royal Bank Of Canada lowered their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Cintas presently has a consensus rating of “Hold” and an average 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.