Dakota Wealth Management Decreases Holdings in Cintas Corporation $CTAS

Key Points

• Dakota Wealth Management reduced its holdings in Cintas Corporation by 11.1%, now owning 12,883 shares valued at approximately $2.87 million.
• Several institutional investors, including MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH and Ballentine Partners LLC, have significantly increased their stakes in Cintas during the same quarter.
• Cintas announced a quarterly dividend increase to $0.45 per share, up from $0.39, representing a 0.9% dividend yield.

Dakota Wealth Management trimmed its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 11.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,883 shares of the business services provider's stock after selling 1,608 shares during the period. Dakota Wealth Management's holdings in Cintas were worth $2,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of Cintas by 200.8% during the second quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 12,918 shares of the business services provider's stock worth $2,879,000 after purchasing an additional 8,623 shares during the last quarter. Perigon Wealth Management LLC raised its position in shares of Cintas by 17.6% during the second quarter. Perigon Wealth Management LLC now owns 4,322 shares of the business services provider's stock worth $963,000 after purchasing an additional 646 shares during the period. McAdam LLC raised its position in Cintas by 1.9% during the second quarter. McAdam LLC now owns 4,167 shares of the business services provider's stock valued at $929,000 after buying an additional 79 shares during the period. Lynch & Associates IN acquired a new position in Cintas during the second quarter valued at $779,000. Finally, Ballentine Partners LLC raised its position in Cintas by 39.1% during the second quarter. Ballentine Partners LLC now owns 3,557 shares of the business services provider's stock valued at $793,000 after buying an additional 999 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the business'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 transaction of $3,821,790.90. Following the completion of the transaction, the chief executive officer directly owned 622,712 shares in the company, valued at $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald W. Tysoe sold 5,084 shares of the company's 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 owned 21,945 shares of the company's stock, 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 14.90% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on CTAS shares. Royal Bank Of Canada lowered their target price on Cintas from $240.00 to $206.00 and set a "sector perform" rating on the stock in a research note on Thursday. The Goldman Sachs Group increased their target price on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company cut their price target on Cintas from $221.00 to $218.00 and set an "equal weight" rating for the company in a report on Thursday. Robert W. Baird raised their target price on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Finally, Morgan Stanley raised their target price on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $222.75.

Cintas Stock Performance

Shares of Cintas stock opened at $202.05 on Friday. The company has a market capitalization of $81.42 billion, a PE ratio of 44.80, a PEG ratio of 3.46 and a beta of 1.01. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The company has a current ratio of 2.24, a quick ratio of 1.82 and a debt-to-equity ratio of 0.51. The stock's fifty day simple moving average is $213.16 and its 200 day simple moving average is $212.57.

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, beating the consensus estimate of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the business posted $1.10 EPS. The company's revenue for the quarter was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, research analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The company also recently disclosed 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 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 was Friday, August 15th. 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.

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