Asset Management One Co. Ltd. Has $37.52 Million Stock Holdings in Cintas Corporation $CTAS

Key Points

• Asset Management One Co. Ltd. reduced its holdings in Cintas Corporation by 9.3%, now owning 168,342 shares valued at approximately $37.52 million.
• Equities analysts have set varying price targets for Cintas, with Goldman Sachs increasing their price target from $233 to $257, indicating strong analyst interest.
• Cintas has recently increased its quarterly dividend from $0.39 to $0.45 per share, reflecting a positive adjustment in its annualized dividend yield to 0.9%.

Asset Management One Co. Ltd. trimmed its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 9.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 168,342 shares of the business services provider's stock after selling 17,244 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Cintas were worth $37,518,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Cintas by 1.3% during the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock valued at $7,781,223,000 after purchasing an additional 491,307 shares in the last quarter. Nuveen LLC acquired a new position in shares of Cintas in the first quarter worth approximately $1,877,760,000. Northern Trust Corp lifted its stake in shares of Cintas by 0.7% in the first quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider's stock worth $841,749,000 after acquiring an additional 28,469 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Cintas by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider's stock worth $591,373,000 after acquiring an additional 59,162 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Cintas by 17.4% in the first quarter. Ameriprise Financial Inc. now owns 2,615,330 shares of the business services provider's stock worth $538,303,000 after acquiring an additional 386,721 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price objective on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Robert W. Baird lifted their price objective on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research note 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 research note on Wednesday, July 2nd. UBS Group lifted their price objective on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. dropped their price target on Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $222.09.

Insider Activity at Cintas

In other news, CEO Todd M. Schneider sold 17,301 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 sale, the director owned 21,945 shares of the company's stock, valued at approximately $4,904,049.15. This represents 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.

Cintas Price Performance

Shares of CTAS opened at $190.83 on Friday. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The business's 50 day moving average price is $201.72 and its two-hundred day moving average price is $212.28. The firm has a market cap of $76.69 billion, a PE ratio of 43.27, a price-to-earnings-growth ratio of 3.32 and a beta of 1.01.

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 (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. The firm 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 revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a dividend of $0.45 per share. 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 0.9%. The ex-dividend date was Friday, August 15th. Cintas's dividend payout ratio is presently 40.82%.

Cintas Company 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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