Mattern Capital Management LLC Has $10.09 Million Position in Cintas Corporation $CTAS

Mattern Capital Management LLC raised its stake in Cintas Corporation (NASDAQ:CTAS) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,286 shares of the business services provider’s stock after purchasing an additional 112 shares during the period. Cintas accounts for approximately 1.2% of Mattern Capital Management LLC’s investment portfolio, making the stock its 26th biggest position. Mattern Capital Management LLC’s holdings in Cintas were worth $10,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CTAS. WPG Advisers LLC acquired a new position in shares of Cintas in the first quarter valued at $27,000. Saudi Central Bank acquired a new position in shares of Cintas in the first quarter valued at $29,000. Stone House Investment Management LLC acquired a new position in shares of Cintas in the first quarter valued at $41,000. Resources Management Corp CT ADV acquired a new position in shares of Cintas in the first quarter valued at $41,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Cintas by 646.4% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 181 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the 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 $137,557,080.80. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company’s stock.

Cintas Trading Down 0.4%

Shares of Cintas stock opened at $202.91 on Friday. The company has a market capitalization of $81.77 billion, a price-to-earnings ratio of 46.01, a PEG ratio of 3.52 and a beta of 1.01. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The firm’s 50-day moving average price is $211.42 and its two-hundred day moving average price is $212.93.

Cintas (NASDAQ:CTAS) last announced 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 firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, August 15th. 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%. Cintas’s dividend payout ratio is currently 40.82%.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of recent research reports. UBS Group raised their price target 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. Royal Bank Of Canada lowered their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 25th. Citigroup raised their price target on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. lowered their price target on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Finally, Morgan Stanley raised their price target on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $222.09.

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.