Kane Investment Management Inc. Sells 668 Shares of Cintas Corporation $CTAS

Kane Investment Management Inc. lowered its position in Cintas Corporation (NASDAQ:CTAS) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,689 shares of the business services provider’s stock after selling 668 shares during the quarter. Cintas makes up about 2.8% of Kane Investment Management Inc.’s holdings, making the stock its 4th biggest holding. Kane Investment Management Inc.’s holdings in Cintas were worth $5,285,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Advisors Capital Management LLC grew its stake in shares of Cintas by 21.6% during the second quarter. Advisors Capital Management LLC now owns 4,701 shares of the business services provider’s stock worth $1,048,000 after purchasing an additional 834 shares in the last quarter. Clearstead Trust LLC increased its holdings in shares of Cintas by 9.0% in the 2nd quarter. Clearstead Trust LLC now owns 2,352 shares of the business services provider’s stock valued at $524,000 after acquiring an additional 195 shares during the last quarter. D Orazio & Associates Inc. raised its position in shares of Cintas by 6.1% during the 2nd quarter. D Orazio & Associates Inc. now owns 2,459 shares of the business services provider’s stock worth $548,000 after acquiring an additional 142 shares in the last quarter. ABN Amro Investment Solutions purchased a new stake in Cintas during the second quarter worth approximately $1,331,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in Cintas by 3.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 52,116 shares of the business services provider’s stock valued at $11,615,000 after purchasing an additional 1,759 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CTAS. Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday. UBS Group lifted their price target on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Royal Bank Of Canada reduced their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday, September 25th. Robert W. Baird raised their price objective on Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Finally, Rothschild & Co Redburn raised Cintas from a “sell” rating to a “neutral” rating and set a $184.00 target price for the company in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given 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 $215.07.

Cintas Stock Up 1.4%

CTAS opened at $187.91 on Friday. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The business has a 50 day moving average price of $194.37 and a two-hundred day moving average price of $210.44. 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 company has a market cap of $75.51 billion, a PE ratio of 42.61, a P/E/G ratio of 3.18 and a beta of 0.99.

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

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Cintas’s dividend payout ratio is presently 40.82%.

Cintas declared that its Board of Directors has initiated a share repurchase program on Tuesday, October 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.