CreativeOne Wealth LLC Sells 4,971 Shares of Cintas Corporation $CTAS

Key Points

• CreativeOne Wealth LLC reduced its stake in Cintas Corporation by 23.0%, selling 4,971 shares and bringing its total holdings to 16,643 shares worth approximately $3.42 million.
• Several institutional investors, including Brighton Jones LLC and Schonfeld Strategic Advisors LLC, adjusted their stakes in Cintas, reflecting ongoing interest from major financial entities.
• Cintas announced an increase in its quarterly dividend from $0.39 to $0.45 per share, indicating a commitment to returning value to shareholders.

CreativeOne Wealth LLC decreased its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 23.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,643 shares of the business services provider's stock after selling 4,971 shares during the period. CreativeOne Wealth LLC's holdings in Cintas were worth $3,421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. Brighton Jones LLC raised its stake in Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after acquiring an additional 108 shares during the period. Bank Pictet & Cie Europe AG raised its stake in Cintas by 0.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock worth $93,969,000 after acquiring an additional 3,504 shares during the period. Lido Advisors LLC grew its holdings in Cintas by 3.9% during the 4th quarter. Lido Advisors LLC now owns 17,811 shares of the business services provider's stock valued at $3,254,000 after buying an additional 673 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in Cintas by 71.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 9,750 shares of the business services provider's stock valued at $1,781,000 after buying an additional 4,078 shares in the last quarter. Finally, Gallo Partners LP purchased a new stake in Cintas during the 4th quarter valued at approximately $3,986,000. Institutional investors own 63.46% of the company's stock.

Insiders Place Their Bets

In other news, Director Martin Mucci acquired 1,200 shares of the company's stock in a transaction on Monday, July 21st. The stock was bought at an average cost 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the director directly owned 21,945 shares of the company's stock, valued at $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CTAS shares. Redburn Atlantic lowered shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective for the company. in a report on Thursday, May 1st. JPMorgan Chase & Co. started coverage on shares of Cintas in a report on Monday, July 14th. They set an "overweight" rating and a $239.00 price objective for the company. Morgan Stanley increased their price objective on shares of Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Robert W. Baird increased their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Finally, UBS Group increased their price objective on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, July 18th. One research 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. According to data from MarketBeat.com, Cintas presently has an average rating of "Hold" and an average price target of $224.54.

Cintas Stock Up 0.1%

NASDAQ CTAS opened at $213.20 on Thursday. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of $219.64 and a two-hundred day moving average of $212.76. The firm has a market capitalization of $85.92 billion, a price-to-earnings ratio of 48.34, a PEG ratio of 3.67 and a beta of 1.03. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data 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 net margin of 17.53% and a return on equity of 41.21%. Cintas's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a yield of 0.8%. Cintas's payout ratio 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.

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