AMI Asset Management Corp Reduces Stake in Cintas Corporation $CTAS

AMI Asset Management Corp lessened its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 5.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,423 shares of the business services provider's stock after selling 4,666 shares during the quarter. AMI Asset Management Corp's holdings in Cintas were worth $17,701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CTAS. Brookmont Capital Management lifted its holdings in shares of Cintas by 9.4% in the 2nd quarter. Brookmont Capital Management now owns 1,257 shares of the business services provider's stock valued at $280,000 after buying an additional 108 shares during the period. Pure Financial Advisors LLC purchased a new stake in Cintas during the second quarter valued at about $239,000. Robeco Institutional Asset Management B.V. grew its position in Cintas by 163.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider's stock valued at $171,132,000 after acquiring an additional 476,336 shares during the period. Woodward Diversified Capital LLC purchased a new stake in shares of Cintas in the second quarter worth about $262,000. Finally, Childress Capital Advisors LLC boosted its position in shares of Cintas by 17.5% in the second quarter. Childress Capital Advisors LLC now owns 1,335 shares of the business services provider's stock worth $297,000 after buying an additional 199 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cintas

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the business's stock in a transaction on Monday, July 21st. The shares were purchased at an average cost of $222.55 per share, with a total value of $267,060.00. Following the transaction, the director directly owned 2,621 shares of the company's stock, valued at $583,303.55. This represents a 84.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the business's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the transaction, the director owned 21,945 shares in the company, valued at $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CTAS has been the topic of several research reports. Wells Fargo & Company cut their price objective on Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. UBS Group increased their price target on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. cut their price objective on Cintas from $246.00 to $230.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Robert W. Baird increased their price objective on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Finally, Royal Bank Of Canada lowered their price target on Cintas from $240.00 to $206.00 and set a "sector perform" rating on the stock in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Cintas has a consensus rating of "Hold" and a consensus price target of $222.09.

Cintas Stock Performance

Shares of Cintas stock opened at $203.64 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The firm has a market cap of $82.06 billion, a P/E ratio of 46.18, a P/E/G ratio of 3.54 and a beta of 1.01. The firm has a 50 day simple moving average of $211.82 and a 200 day simple moving average of $212.87. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating 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 analyst estimates of $2.70 billion. During the same quarter last year, the business posted $1.10 earnings per share. Cintas'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. Sell-side analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 0.9%. This is an increase from Cintas's previous quarterly dividend of $0.39. Cintas's payout ratio is presently 39.91%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.