Cintas Corporation $CTAS Shares Sold by Hennion & Walsh Asset Management Inc.

Key Points

• Hennion & Walsh Asset Management cut its Cintas stake by 56.6% in the second quarter, selling 8,772 shares and retaining 6,718 shares valued at approximately $1.14 million.
• Cintas reported quarterly EPS of $1.29, exceeding estimates by $0.05, while revenue rose 8.9% year over year to $2.91 billion. The company issued fiscal 2027 EPS guidance of $5.36–$5.50.
• Cintas increased its quarterly dividend from $0.45 to $0.52 per share, representing an annualized dividend of $2.08 and a 1.0% yield. Analysts maintain a consensus “Moderate Buy” rating with a $212.31 target price.

Hennion & Walsh Asset Management Inc. cut its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 56.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,718 shares of the business services provider's stock after selling 8,772 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Cintas were worth $1,143,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Cintas in the 4th quarter valued at $923,672,000. Two Sigma Investments LP raised its position in Cintas by 5,641.3% during the third quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider's stock worth $208,682,000 after acquiring an additional 998,963 shares during the period. Voloridge Investment Management LLC lifted its holdings in Cintas by 275.2% during the third quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider's stock valued at $230,556,000 after purchasing an additional 823,885 shares in the last quarter. Freestone Grove Partners LP lifted its holdings in Cintas by 5,341.8% during the third quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider's stock valued at $153,352,000 after purchasing an additional 733,380 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Cintas by 2,286.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 736,620 shares of the business services provider's stock valued at $138,536,000 after purchasing an additional 705,751 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of Cintas stock opened at $203.51 on Thursday. Cintas Corporation has a one year low of $161.16 and a one year high of $225.85. The company has a market cap of $81.44 billion, a price-to-earnings ratio of 54.41, a PEG ratio of 3.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The business's 50 day moving average price is $188.04 and its 200 day moving average price is $184.56.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.87 billion. During the same period in the prior year, the business earned $1.09 EPS. The firm's quarterly revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, research analysts predict that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a $0.52 dividend. This is an increase from Cintas's previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. Cintas's payout ratio is currently 48.13%.

Analysts Set New Price Targets

CTAS has been the subject of a number of research reports. Truist Financial cut their target price on shares of Cintas from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Monday, June 15th. The Goldman Sachs Group reiterated a "buy" rating and issued a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. Argus upgraded Cintas to a "strong-buy" rating in a research note on Friday, July 17th. Royal Bank Of Canada restated a "sector perform" rating and issued a $206.00 target price on shares of Cintas in a research report on Thursday, July 16th. Finally, Weiss Ratings raised Cintas from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Cintas has a consensus rating of "Moderate Buy" and a consensus target price of $212.31.

About Cintas

Cintas Corporation NASDAQ: CTAS is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.

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