Cintas Corporation $CTAS Position Lowered by Carderock Capital Management Inc.

Key Points

• Carderock Capital Management Inc. has reduced its stake in Cintas Corporation by 2.7%, owning 50,954 shares valued at approximately $10.47 million.
• Cintas reported an EPS of $1.09 for the last quarter, exceeding the consensus estimate of $1.07, with revenue reaching $2.67 billion, an 8.0% increase year-over-year.
• The company has increased its quarterly dividend to $0.45, reflecting a payout ratio of 40.82% and a yield of 0.9%.

Carderock Capital Management Inc. decreased its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,954 shares of the business services provider's stock after selling 1,427 shares during the quarter. Cintas makes up about 2.8% of Carderock Capital Management Inc.'s portfolio, making the stock its 5th biggest holding. Carderock Capital Management Inc.'s holdings in Cintas were worth $10,473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock valued at $232,000 after buying an additional 108 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in Cintas by 0.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock valued at $93,969,000 after acquiring an additional 3,504 shares during the last quarter. Gotham Asset Management LLC grew its position in Cintas by 26.9% in the fourth quarter. Gotham Asset Management LLC now owns 37,749 shares of the business services provider's stock worth $6,897,000 after acquiring an additional 8,009 shares during the period. Janus Henderson Group PLC increased its stake in Cintas by 29.9% during the fourth quarter. Janus Henderson Group PLC now owns 91,322 shares of the business services provider's stock worth $16,683,000 after acquiring an additional 21,015 shares during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in Cintas in the fourth quarter valued at $1,133,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of CTAS stock opened at $201.40 on Thursday. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The firm has a 50 day moving average of $216.65 and a two-hundred day moving average of $212.81. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $81.16 billion, a PE ratio of 45.67, a P/E/G ratio of 3.48 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last released 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. 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 analysts' expectations of $2.63 billion. During the same period in the previous year, the firm posted $3.99 EPS. Cintas's revenue for the quarter was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, research analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. This is a positive change 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 is 40.82%.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of research analyst reports. UBS Group increased their price target on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company raised shares of 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 report on Tuesday, July 1st. The Goldman Sachs Group lifted their price target on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Robert W. Baird boosted their price target on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $240.00 price objective on shares of Cintas in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $224.54.

Insider Buying and Selling

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the business'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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Martin Mucci acquired 1,200 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were purchased at an average cost 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 position. The disclosure for this purchase can be found here. 15.00% of the stock is owned by insiders.

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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