Cintas Corporation $CTAS Shares Bought by Cwm LLC

Key Points

• Cwm LLC increased its stake in Cintas Corporation by 34.8% in Q2, acquiring 9,085 additional shares, bringing their total holdings to 35,210 shares valued at approximately $7.85 million.
• Analysts have varied opinions on Cintas stock, with Goldman Sachs boosting its price target to $257 and Wells Fargo reducing its target to $218, leading to a consensus rating of "Hold".
• Cintas recently announced a quarterly dividend increase to $0.45 per share, marking a positive rise from the previous $0.39, with a current yield of 1.0%.

Cwm LLC raised its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 34.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,210 shares of the business services provider's stock after acquiring an additional 9,085 shares during the period. Cwm LLC's holdings in Cintas were worth $7,847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CTAS. Brighton Jones LLC boosted its stake in Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock valued at $232,000 after acquiring an additional 108 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Cintas by 75.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 221,026 shares of the business services provider's stock valued at $45,428,000 after acquiring an additional 95,244 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in Cintas in the first quarter valued at approximately $232,000. Cyndeo Wealth Partners LLC boosted its stake in Cintas by 37.5% in the first quarter. Cyndeo Wealth Partners LLC now owns 5,691 shares of the business services provider's stock valued at $1,170,000 after acquiring an additional 1,553 shares during the period. Finally, Sowell Financial Services LLC acquired a new position in Cintas in the first quarter valued at approximately $627,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Cintas from $221.00 to $218.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of Cintas in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted their price objective on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Citigroup boosted their price objective on Cintas from $172.00 to $176.00 and gave the stock a "sell" rating in a research report on Friday, September 26th. Finally, Royal Bank Of Canada reduced their price objective on Cintas from $240.00 to $206.00 and set a "sector perform" rating for the company in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned 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 a consensus target price of $222.09.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the company'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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $220.90, for a total value of $3,821,790.90. Following the completion of the transaction, the chief executive officer directly owned 622,712 shares in the company, valued at $137,557,080.80. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by insiders.

Cintas Stock Performance

CTAS opened at $188.23 on Wednesday. The company has a market capitalization of $75.64 billion, a price-to-earnings ratio of 42.68, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24. The business has a 50 day moving average price of $206.89 and a two-hundred day moving average price of $212.86.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.01. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. 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 was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Cintas's previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. Cintas's payout ratio is currently 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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