BI Asset Management Fondsmaeglerselskab A S Decreases Position in Cintas Corporation $CTAS

Key Points

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BI Asset Management Fondsmaeglerselskab A S trimmed its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 1.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,827 shares of the business services provider's stock after selling 1,446 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Cintas were worth $30,794,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CTAS. Stone House Investment Management LLC acquired a new position in shares of Cintas in the first quarter worth $41,000. E Fund Management Hong Kong Co. Ltd. raised its holdings 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 worth $43,000 after acquiring an additional 181 shares during the last quarter. Washington Trust Advisors Inc. acquired a new position in shares of Cintas in the first quarter worth $46,000. Greykasell Wealth Strategies Inc. acquired a new position in shares of Cintas in the first quarter worth $46,000. Finally, Wellington Shields & Co. LLC acquired a new position in shares of Cintas in the first quarter worth $51,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cintas

In other news, Director Martin Mucci purchased 1,200 shares of the stock in a transaction on Monday, July 21st. The stock was purchased at an average price of $222.55 per share, with a total value of $267,060.00. Following the completion of the transaction, the director owned 2,621 shares in the company, valued at approximately $583,303.55. The trade was a 84.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the business's stock in a transaction dated 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 directly owned 21,945 shares of the company's stock, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by company insiders.

Cintas Trading Down 0.2%

CTAS stock traded down $0.52 during trading on Friday, reaching $215.59. 1,448,772 shares of the stock traded hands, compared to its average volume of 1,356,395. The business's 50 day moving average price is $220.16 and its 200-day moving average price is $212.56. 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 0.52, a current ratio of 2.09 and a quick ratio of 1.82. The firm has a market capitalization of $86.88 billion, a PE ratio of 48.89, a P/E/G ratio of 3.73 and a beta of 1.03.

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

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, August 15th. Cintas's dividend payout ratio (DPR) is presently 40.82%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CTAS shares. The Goldman Sachs Group boosted their price target on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Morgan Stanley upped their target price on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Redburn Atlantic lowered Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price for the company. in a research note on Thursday, May 1st. Finally, UBS Group upped their target price on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $224.54.

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.