B. Metzler seel. Sohn & Co. AG Has $50.74 Million Position in Cintas Corporation $CTAS

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its stake in Cintas Corporation by 3.3% in the first quarter, currently holding 0.06% of the company valued at approximately $50.7 million.
• Cintas has announced a quarterly dividend increase to $0.45, which is a rise from the previous $0.39, reflecting confidence in its financial stability.
• Analysts have set varying price targets for Cintas, with UBS boosting the target from $240 to $255 and JPMorgan setting a new target at $239, indicating positive market sentiment for the stock.

B. Metzler seel. Sohn & Co. AG cut its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 3.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 246,894 shares of the business services provider's stock after selling 8,314 shares during the period. B. Metzler seel. Sohn & Co. AG owned approximately 0.06% of Cintas worth $50,744,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CTAS. Nuveen LLC acquired a new position in shares of Cintas in the first quarter valued at about $1,877,760,000. GAMMA Investing LLC grew its stake in shares of Cintas by 19,644.3% in the first quarter. GAMMA Investing LLC now owns 2,263,091 shares of the business services provider's stock valued at $465,133,000 after acquiring an additional 2,251,629 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Cintas by 169.7% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider's stock worth $187,235,000 after purchasing an additional 573,151 shares during the period. Vanguard Group Inc. lifted its position in Cintas by 1.3% during the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock worth $7,781,223,000 after purchasing an additional 491,307 shares during the period. Finally, Northern Trust Corp lifted its position in Cintas by 13.1% during the fourth quarter. Northern Trust Corp now owns 4,067,037 shares of the business services provider's stock worth $743,048,000 after purchasing an additional 472,069 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Martin Mucci acquired 1,200 shares of the stock in a transaction dated 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. This represents a 84.45% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the company'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 value of $3,821,790.90. Following the completion of the transaction, the chief executive officer directly owned 622,712 shares of the company's stock, valued at $137,557,080.80. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by insiders.

Cintas Price Performance

Shares of NASDAQ CTAS traded up $1.71 during midday trading on Monday, reaching $210.03. 1,768,762 shares of the company were exchanged, compared to its average volume of 1,713,109. The stock's 50-day moving average price is $219.22 and its 200-day moving average price is $212.93. The stock has a market cap of $84.64 billion, a P/E ratio of 47.63, a PEG ratio of 3.62 and a beta of 1.01. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. 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 (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. The firm had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The company's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, sell-side analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CTAS. Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $196.00 to $221.00 in a research report on Tuesday, July 1st. 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. UBS Group upped their price objective on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Robert W. Baird upped their price objective on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. began coverage on shares of Cintas in a research report on Monday, July 14th. They set an "overweight" rating and a $239.00 price objective for the company. One 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.com, the company presently has a consensus rating of "Hold" and a consensus price target of $224.54.

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.