Cintas Corporation $CTAS Shares Sold by Bahl & Gaynor Inc.

Key Points

• Bahl & Gaynor Inc. reduced its stake in Cintas Corporation by 2.2%, now owning 827,215 shares valued at approximately $170 million.
• Cintas reported Q2 revenue of $2.67 billion, exceeding analysts' expectations, and announced a dividend increase to $0.45 per share.
• Currently, 63.46% of Cintas stock is held by institutional investors, reflecting significant interest in the company's performance.

Bahl & Gaynor Inc. trimmed its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 827,215 shares of the business services provider's stock after selling 18,589 shares during the period. Bahl & Gaynor Inc. owned about 0.20% of Cintas worth $170,017,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Crestwood Advisors Group LLC acquired a new position in shares of Cintas in the first quarter worth $270,000. Ameriprise Financial Inc. boosted its stake in shares of Cintas by 26.7% during 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 acquiring an additional 468,950 shares during the last quarter. Pinnacle Financial Partners Inc increased its position in Cintas by 3.8% during the 1st quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider's stock worth $12,327,000 after purchasing an additional 2,191 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its stake in Cintas by 51.9% in the 1st 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. Finally, Ensign Peak Advisors Inc lifted its holdings in Cintas by 5.2% in the 4th quarter. Ensign Peak Advisors Inc now owns 257,032 shares of the business services provider's stock valued at $46,960,000 after purchasing an additional 12,734 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Trading Down 2.6%

Shares of CTAS traded down $5.58 during trading hours on Thursday, hitting $207.62. The stock had a trading volume of 873,913 shares, compared to its average volume of 1,699,098. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The firm has a market cap of $83.67 billion, a P/E ratio of 47.08, a P/E/G ratio of 3.67 and a beta of 1.03. 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 company's fifty day simple moving average is $219.64 and its 200 day simple moving average is $212.76.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly 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 company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The firm's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Equities research analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

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

Insider Transactions at Cintas

In related news, Director Martin Mucci purchased 1,200 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was purchased at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the acquisition, the director owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the transaction, the director directly owned 21,945 shares in the company, valued at $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective 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. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $240.00 price target on shares of Cintas in a report on Thursday, August 21st. Redburn Atlantic cut Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective on the stock. in a report on Thursday, May 1st. Wells Fargo & Company upgraded 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 note on Tuesday, July 1st. Finally, Robert W. Baird lifted their price target on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. 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 given a Sell rating to the stock. According to MarketBeat, the stock has an average 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.