Candriam S.C.A. Has $61.46 Million Holdings in Cintas Corporation $CTAS

Key Points

• Candriam S.C.A. reduced its stake in Cintas Corporation by 16.9%, selling 60,748 shares and retaining 299,050 shares valued at approximately $61.46 million.
• Cintas recently declared a quarterly dividend of $0.45, marking an increase from the prior dividend of $0.39, resulting in an annualized yield of 0.8%.
• The company reported earnings of $1.09 per share for the latest quarter, surpassing estimates and showcasing an 8.0% revenue growth year-over-year, with a total revenue of $2.67 billion.

Candriam S.C.A. lowered its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 16.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 299,050 shares of the business services provider's stock after selling 60,748 shares during the quarter. Candriam S.C.A. owned approximately 0.07% of Cintas worth $61,464,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CTAS. Crestwood Advisors Group LLC bought a new position in shares of Cintas in the 1st quarter valued at about $270,000. Ameriprise Financial Inc. increased its holdings in Cintas by 26.7% in the fourth quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider's stock valued at $407,163,000 after purchasing an additional 468,950 shares during the last quarter. Alpine Global Management LLC bought a new stake in Cintas in the fourth quarter valued at about $284,000. Pinnacle Financial Partners Inc increased its holdings in Cintas by 3.8% in the first quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider's stock valued at $12,327,000 after purchasing an additional 2,191 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its holdings in Cintas by 51.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider's stock valued at $2,049,000 after purchasing an additional 3,404 shares during the last quarter. Institutional investors own 63.46% of the company's stock.

Cintas Stock Down 0.2%

CTAS stock traded down $0.52 during mid-day trading on Friday, hitting $215.59. 1,448,772 shares of the company were exchanged, compared to its average volume of 1,356,395. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. The firm has a market cap of $86.88 billion, a P/E ratio of 48.89, a P/E/G ratio of 3.72 and a beta of 1.03. The firm's 50 day simple moving average is $220.16 and its 200 day simple moving average is $212.63. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, sell-side analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.45 per share. This is an increase from Cintas's previous quarterly dividend of $0.39. The ex-dividend date is Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 0.8%. Cintas's dividend payout ratio is 40.82%.

Insiders Place Their Bets

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the sale, the chief executive officer directly owned 622,712 shares in the company, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Martin Mucci bought 1,200 shares of the company's stock in a transaction on Monday, July 21st. The shares were bought at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the acquisition, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 15.00% of the company's stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Robert W. Baird lifted their price objective on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. UBS Group lifted their price objective on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Redburn Atlantic lowered shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective on the stock. in a research note on Thursday, May 1st. Finally, Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock 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 given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Cintas presently has a consensus rating of "Hold" and an average price target of $224.54.

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.