Advisors Asset Management Inc. Has $5.05 Million Stock Position in Cintas Corporation $CTAS

Key Points

• Advisors Asset Management Inc. reduced its holdings in Cintas Corporation (CTAS) by 13.8%, selling 3,918 shares and now owning a total of 24,545 shares valued at approximately $5,045,000.
• Recent transactions reveal that Cintas insiders, including Director Ronald W. Tysoe and CEO Todd M. Schneider, sold significant shares, resulting in a 2.7% and 18.81% decrease in their respective holdings.
• Cintas increased its quarterly dividend from $0.39 to $0.45 per share, reflecting a slight boost in its annual yield to 0.9%, with a payout ratio currently at 40.82%.

Advisors Asset Management Inc. trimmed its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 13.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,545 shares of the business services provider's stock after selling 3,918 shares during the quarter. Advisors Asset Management Inc.'s holdings in Cintas were worth $5,045,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in shares of Cintas in the first quarter valued at about $27,000. Saudi Central Bank acquired a new stake in shares of Cintas in the first quarter valued at about $29,000. Stone House Investment Management LLC acquired a new stake in shares of Cintas in the first quarter valued at about $41,000. E Fund Management Hong Kong Co. Ltd. grew its position 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. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Cintas in the first quarter valued at about $46,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ronald W. Tysoe sold 5,084 shares of the business'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 value of $1,136,121.48. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Martin Mucci bought 1,200 shares of the stock in a transaction on Monday, July 21st. The shares were acquired at an average cost of $222.55 per share, with a total value of $267,060.00. Following the acquisition, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. 15.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $196.00 to $221.00 in a research report on Tuesday, July 1st. Royal Bank Of Canada reissued a "sector perform" rating and set a $240.00 target price on shares of Cintas in a research report on Thursday, August 21st. Morgan Stanley lifted their target price on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Robert W. Baird lifted their target price on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Finally, The Goldman Sachs Group lifted their target price on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Cintas has an average rating of "Hold" and a consensus price target of $224.54.

Cintas Price Performance

Shares of NASDAQ:CTAS traded down $0.71 during trading on Tuesday, reaching $202.07. The stock had a trading volume of 1,875,928 shares, compared to its average volume of 1,719,661. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. The business's 50-day moving average price is $217.38 and its 200 day moving average price is $212.96. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The stock has a market capitalization of $81.43 billion, a PE ratio of 45.82, a P/E/G ratio of 3.53 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The firm had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $2.63 billion. During the same quarter in the previous year, the company posted $3.99 EPS. Cintas's revenue was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, equities analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be given a $0.45 dividend. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date is Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas's dividend payout ratio is presently 40.82%.

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.