Campbell & CO Investment Adviser LLC Lowers Stock Position in Cintas Corporation $CTAS

Key Points

• Campbell & CO Investment Adviser LLC has reduced its stake in Cintas Corporation (NASDAQ: CTAS) by 22.7%, now holding shares worth approximately $2.73 million.
• Cintas has recently increased its quarterly dividend from $0.39 to $0.45 per share, reflecting a commitment to returning capital to shareholders.
• Several analysts have revised their target prices for Cintas, with UBS Group increasing its target from $240 to $255 and Goldman Sachs raising theirs from $233 to $257, indicating positive sentiment towards the company's stock.

Campbell & CO Investment Adviser LLC lowered its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 22.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,278 shares of the business services provider's stock after selling 3,900 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Cintas were worth $2,729,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Cintas by 3.9% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider's stock valued at $258,000 after buying an additional 47 shares during the last quarter. MJP Associates Inc. ADV boosted its stake in shares of Cintas by 2.1% in the 4th quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider's stock valued at $441,000 after purchasing an additional 50 shares in the last quarter. Kathmere Capital Management LLC lifted its stake in Cintas by 4.1% in the 1st quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider's stock valued at $266,000 after purchasing an additional 51 shares during the last quarter. Pinnacle Associates Ltd. boosted its position in Cintas by 4.1% during the 1st quarter. Pinnacle Associates Ltd. now owns 1,291 shares of the business services provider's stock worth $265,000 after buying an additional 51 shares during the period. Finally, Johnson Financial Group Inc. boosted its position in Cintas by 7.7% during the 4th quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider's stock worth $146,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

Insider Buying and Selling

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average price of $222.55 per share, with a total value of $267,060.00. Following the completion of the purchase, the director directly owned 2,621 shares of the company's stock, valued at $583,303.55. The trade was a 84.45% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the sale, the director directly owned 21,945 shares of the company's stock, valued at $4,904,049.15. The trade was a 18.81% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CTAS shares. The Goldman Sachs Group lifted their price objective on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Robert W. Baird boosted their price target on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Royal Bank Of Canada restated a "sector perform" rating and issued a $240.00 price objective on shares of Cintas in a research note on Thursday, August 21st. Redburn Atlantic cut Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target on the stock. in a research report on Thursday, May 1st. Finally, Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $224.54.

Cintas Trading Down 2.3%

Shares of Cintas stock traded down $4.88 on Thursday, hitting $208.32. The stock had a trading volume of 2,325,151 shares, compared to its average volume of 1,708,639. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The stock has a market cap of $83.95 billion, a price-to-earnings ratio of 47.24, a PEG ratio of 3.67 and a beta of 1.03. The stock's 50-day simple moving average is $219.64 and its two-hundred day simple moving average is $212.76.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $2.63 billion. During the same quarter last year, the business earned $3.99 earnings per share. The business'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, sell-side analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas's payout ratio is 40.82%.

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.