Pittenger & Anderson Inc. Has $35.14 Million Stake in Cintas Corporation $CTAS

Pittenger & Anderson Inc. trimmed its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 1.7% in the second quarter, HoldingsChannel reports. The firm owned 157,663 shares of the business services provider’s stock after selling 2,718 shares during the period. Cintas makes up 1.3% of Pittenger & Anderson Inc.’s portfolio, making the stock its 16th biggest position. Pittenger & Anderson Inc.’s holdings in Cintas were worth $35,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTAS. WPG Advisers LLC acquired a new stake in Cintas during the 1st quarter valued at $27,000. Saudi Central Bank acquired a new stake in shares of Cintas in the 1st quarter valued at $29,000. Stone House Investment Management LLC acquired a new stake in shares of Cintas in the 1st quarter valued at $41,000. Resources Management Corp CT ADV acquired a new stake in shares of Cintas in the 1st quarter valued at $41,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Cintas by 646.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock valued at $43,000 after buying an additional 181 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cintas

In related news, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $220.90, for a total value of $3,821,790.90. Following the sale, the chief executive officer owned 622,712 shares of the company’s stock, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the company’s stock in a transaction dated 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 sale, the director owned 21,945 shares in the company, valued at $4,904,049.15. The trade was a 18.81% decrease in their position. The disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. The Goldman Sachs Group raised their price target on 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 Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a research report on Wednesday, October 8th. Finally, UBS Group lifted their target price on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, July 18th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $222.09.

Cintas Stock Performance

Shares of Cintas stock opened at $192.33 on Tuesday. The firm has a market cap of $77.29 billion, a price-to-earnings ratio of 43.61, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. The stock’s 50-day moving average is $203.98 and its 200-day moving average is $212.50. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 40.41% and a net margin of 17.54%.The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. Cintas’s dividend payout ratio is presently 40.82%.

About Cintas

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.