Lineweaver Wealth Advisors LLC Sells 4,066 Shares of Cintas Corporation $CTAS

Key Points

• Lineweaver Wealth Advisors LLC reduced its stake in Cintas Corporation by 16.8%, now holding 20,160 shares valued at approximately $4.49 million.
• Several institutions have adjusted their positions in Cintas, with notable increases, including a 912.2% boost by the State of Wyoming in the fourth quarter.
• Cintas declared a quarterly dividend of $0.45, an increase from the previous $0.39, representing a 0.9% annualized yield.

Lineweaver Wealth Advisors LLC lowered its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 16.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,160 shares of the business services provider's stock after selling 4,066 shares during the quarter. Lineweaver Wealth Advisors LLC's holdings in Cintas were worth $4,493,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC raised its stake in Cintas by 3.9% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider's stock valued at $258,000 after buying an additional 47 shares during the period. Oarsman Capital Inc. raised its stake in Cintas by 3.9% in the first quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider's stock valued at $272,000 after buying an additional 49 shares during the period. Truvestments Capital LLC raised its stake in Cintas by 17.4% in the first quarter. Truvestments Capital LLC now owns 338 shares of the business services provider's stock valued at $69,000 after buying an additional 50 shares during the period. Kathmere Capital Management LLC raised its stake in Cintas by 4.1% in the first quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider's stock valued at $266,000 after buying an additional 51 shares during the period. Finally, Pinnacle Associates Ltd. raised its stake in Cintas by 4.1% in the first quarter. Pinnacle Associates Ltd. now owns 1,291 shares of the business services provider's stock valued at $265,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

Analyst Upgrades and Downgrades

CTAS has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Cintas in a research note on Monday, July 14th. They issued an "overweight" rating and a $239.00 price objective on the stock. Morgan Stanley increased their target price on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $240.00 target price on shares of Cintas in a research note on Thursday, August 21st. UBS Group increased their target price on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $196.00 to $221.00 in a research note on Tuesday, July 1st. One equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $224.54.

Insider Buying and Selling at Cintas

In related news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the sale, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 owned 622,712 shares in the company, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.00% of the company's stock.

Cintas Trading Up 0.3%

Shares of CTAS stock traded up $0.62 during mid-day trading on Friday, hitting $200.13. The company's stock had a trading volume of 4,117,133 shares, compared to its average volume of 1,738,548. The company's fifty day simple moving average is $214.68 and its 200-day simple moving average is $212.63. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. 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 has a market cap of $80.65 billion, a PE ratio of 45.38, a P/E/G ratio of 3.45 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share 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 analyst estimates of $2.63 billion. During the same period last year, the company posted $3.99 EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, equities research analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a dividend of $0.45 per share. This is an increase from Cintas's previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas's dividend payout ratio (DPR) is presently 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.