111 Capital Trims Stock Position in Cintas Corporation $CTAS

Key Points

• 111 Capital reduced its stake in Cintas Corporation by 40.1% in the second quarter, owning 4,898 shares valued at approximately $1,092,000.
• Cintas recently reported $1.20 per share in earnings, exceeding analyst expectations and indicating strong revenue growth of 8.7% compared to the same quarter last year.
• The company increased its quarterly dividend from $0.39 to $0.45, marking an annualized dividend yield of 0.9%.

111 Capital lessened its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 40.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,898 shares of the business services provider's stock after selling 3,273 shares during the quarter. 111 Capital's holdings in Cintas were worth $1,092,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crestwood Advisors Group LLC purchased a new stake in Cintas in the 1st quarter valued at $270,000. Pinnacle Financial Partners Inc raised its position in Cintas by 3.8% during the 1st quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider's stock worth $12,327,000 after buying an additional 2,191 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its stake in shares of Cintas by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider's stock worth $2,049,000 after purchasing an additional 3,404 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Cintas by 25.5% during the 1st quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider's stock worth $162,615,000 after purchasing an additional 160,820 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of Cintas by 1.0% during the 1st quarter. Fifth Third Bancorp now owns 605,222 shares of the business services provider's stock worth $124,391,000 after purchasing an additional 5,784 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CTAS shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cintas in a research note on Saturday, September 27th. 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 note on Thursday, September 25th. Wells Fargo & Company lowered their price objective on shares of Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Morgan Stanley increased their price objective on shares of Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Finally, Citigroup upped their target price on shares of Cintas from $172.00 to $176.00 and gave the company a "sell" rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $222.09.

Cintas Stock Down 0.1%

CTAS stock opened at $202.61 on Friday. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $81.65 billion, a P/E ratio of 45.94, a PEG ratio of 3.50 and a beta of 1.01. The firm has a 50 day simple moving average of $211.00 and a 200-day simple moving average of $213.11.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the company earned $1.10 earnings per share. The business'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 research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a $0.45 dividend. This is a boost 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%. The ex-dividend date of this dividend was Friday, August 15th. Cintas's dividend payout ratio is presently 40.82%.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction 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 completion of the transaction, the director owned 21,945 shares of the company's stock, valued at $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Martin Mucci acquired 1,200 shares of the firm's stock in a transaction on Monday, July 21st. The stock was acquired at an average cost of $222.55 per share, with a total value of $267,060.00. Following the acquisition, the director owned 2,621 shares of the company's stock, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.90% of the stock is currently owned by corporate 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.

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