Cintas Corporation $CTAS Stock Holdings Decreased by State of Alaska Department of Revenue

Key Points

• The State of Alaska Department of Revenue reduced its stake in Cintas Corporation by 2.4%, now holding 67,070 shares valued at approximately $14.9 million.
• Cintas recently increased its quarterly dividend to $0.45 per share, up from $0.39, representing an annualized yield of 0.9%.
• Analysts have mixed ratings on Cintas, with one "Strong Buy," several "Buy" ratings, and an average target price of $222.09.

State of Alaska Department of Revenue decreased its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,070 shares of the business services provider's stock after selling 1,650 shares during the period. State of Alaska Department of Revenue's holdings in Cintas were worth $14,947,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CTAS. Crestwood Advisors Group LLC bought a new stake in shares of Cintas in the 1st quarter valued at approximately $270,000. Pinnacle Financial Partners Inc boosted its holdings in Cintas by 3.8% in the first 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 during the period. China Universal Asset Management Co. Ltd. increased its stake in Cintas by 51.9% during the first 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. BNP Paribas Financial Markets raised its holdings in shares of Cintas by 25.5% during the first quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider's stock worth $162,615,000 after purchasing an additional 160,820 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Cintas by 1.0% in the 1st quarter. Fifth Third Bancorp now owns 605,222 shares of the business services provider's stock worth $124,391,000 after buying an additional 5,784 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating for the company in a research report on Thursday. Royal Bank Of Canada dropped their price target on Cintas from $240.00 to $206.00 and set a "sector perform" rating on the stock in a research report on Thursday. Citigroup raised their price target on Cintas from $172.00 to $176.00 and gave the stock a "sell" rating in a report on Friday. Robert W. Baird upped their price objective on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company dropped their target price on Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Cintas currently has an average rating of "Hold" and an average target price of $222.09.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director directly owned 21,945 shares in the company, valued at $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Martin Mucci purchased 1,200 shares of the stock in a transaction dated Monday, July 21st. The shares were purchased at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the transaction, the director owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Company insiders own 14.90% of the company's stock.

Cintas Stock Up 1.1%

CTAS opened at $204.24 on Friday. The stock's 50 day moving average price is $212.81 and its 200 day moving average price is $212.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.82. The stock has a market cap of $82.30 billion, a P/E ratio of 45.29, a P/E/G ratio of 3.49 and a beta of 1.01. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. The company had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current 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 given a dividend of $0.45 per share. This is a positive change 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 dividend yield of 0.9%. Cintas's payout ratio is presently 39.91%.

Cintas 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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