Apollon Wealth Management LLC Sells 11,291 Shares of Cintas Corporation $CTAS

Key Points

• Apollon Wealth Management LLC reduced its stake in Cintas Corporation by 30.1%, selling 11,291 shares, and now holds 26,232 shares valued at approximately $5.85 million.
• Cintas reported a Q2 EPS of $1.20, slightly above the consensus estimate, with a year-over-year revenue increase of 8.7% to $2.72 billion.
• The company's recent quarterly dividend was increased from $0.39 to $0.45 per share, representing an annualized dividend of $1.80 and a yield of 1.0%.

Apollon Wealth Management LLC decreased its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 30.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,232 shares of the business services provider's stock after selling 11,291 shares during the period. Apollon Wealth Management LLC's holdings in Cintas were worth $5,846,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC grew its holdings in shares of Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after acquiring an additional 108 shares during the period. Simon Quick Advisors LLC grew its holdings in shares of Cintas by 84.7% in the first quarter. Simon Quick Advisors LLC now owns 2,240 shares of the business services provider's stock worth $460,000 after acquiring an additional 1,027 shares during the period. Union Bancaire Privee UBP SA grew its holdings in shares of Cintas by 45.9% in the first quarter. Union Bancaire Privee UBP SA now owns 2,349 shares of the business services provider's stock worth $483,000 after acquiring an additional 739 shares during the period. Rockland Trust Co. grew its holdings in shares of Cintas by 18.4% in the first quarter. Rockland Trust Co. now owns 1,495 shares of the business services provider's stock worth $307,000 after acquiring an additional 232 shares during the period. Finally, Thomasville National Bank bought a new stake in shares of Cintas in the first quarter worth $279,000. Institutional investors own 63.46% of the company's stock.

Cintas Price Performance

Shares of Cintas stock opened at $187.96 on Friday. The stock's 50-day simple moving average is $208.33 and its 200-day simple moving average is $213.10. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The company has a market capitalization of $75.53 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 3.25 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 (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The business's revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, analysts expect 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. Stockholders of record on Friday, August 15th were given a $0.45 dividend. 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 annualized dividend and a dividend yield of 1.0%. Cintas's dividend payout ratio (DPR) is presently 40.82%.

Wall Street Analyst Weigh In

CTAS has been the subject of several research analyst reports. Robert W. Baird lifted their price objective on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. The Goldman Sachs Group lifted their price objective on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Citigroup lifted their price objective on Cintas from $172.00 to $176.00 and gave the stock a "sell" rating in a report on Friday, September 26th. Wells Fargo & Company lowered their target price on Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Cintas in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $222.09.

Insider Activity

In other Cintas news, Director Martin Mucci acquired 1,200 shares of the stock in a transaction dated Monday, July 21st. The shares were acquired at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the transaction, the director directly owned 2,621 shares of the company's stock, valued at approximately $583,303.55. The trade was a 84.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $220.90, for a total value of $3,821,790.90. Following the completion of the transaction, the chief executive officer owned 622,712 shares in the company, valued at $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.90% of the company's stock.

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.

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