Envestnet Portfolio Solutions Inc. Has $3.53 Million Stock Position in Cintas Corporation $CTAS

Key Points

• Envestnet Portfolio Solutions Inc. reduced its stake in Cintas Corporation by 19.0%, owning 15,828 shares valued at approximately $3.53 million after selling 3,724 shares in the second quarter.
• Insider selling included CEO Todd M. Schneider, who sold 17,301 shares for nearly $3.82 million, reducing his ownership by 2.7%.
• Cintas recently declared a quarterly dividend of $0.45 per share, an increase from the previous $0.39, reflecting a positive trend in dividend payouts.

Envestnet Portfolio Solutions Inc. reduced its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 19.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,828 shares of the business services provider's stock after selling 3,724 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Cintas were worth $3,528,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CTAS. Brighton Jones LLC increased its stake in shares of Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock valued at $232,000 after buying an additional 108 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Cintas by 75.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 221,026 shares of the business services provider's stock worth $45,428,000 after purchasing an additional 95,244 shares during the period. Dynamic Advisor Solutions LLC acquired a new stake in shares of Cintas during the first quarter worth $232,000. Sowell Financial Services LLC acquired a new stake in shares of Cintas during the first quarter worth $627,000. Finally, Sagespring Wealth Partners LLC grew its stake in shares of Cintas by 38.1% during the first quarter. Sagespring Wealth Partners LLC now owns 3,396 shares of the business services provider's stock worth $698,000 after purchasing an additional 937 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the sale, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the company's stock in a transaction dated 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 sale, the director owned 21,945 shares in the company, valued at $4,904,049.15. The trade was a 18.81% decrease in their position. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their price objective on Cintas from $221.00 to $218.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cintas in a research note on Wednesday, October 8th. Royal Bank Of Canada decreased their price objective on Cintas from $240.00 to $206.00 and set a "sector perform" rating for the company in a research note on Thursday, September 25th. The Goldman Sachs Group lifted their target price on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Citigroup lifted their target price on Cintas from $172.00 to $176.00 and gave the stock a "sell" rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $222.09.

Cintas Stock Performance

Shares of Cintas stock opened at $187.45 on Thursday. The firm has a market cap of $75.33 billion, a price-to-earnings ratio of 42.51, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. The stock's 50-day moving average is $206.16 and its 200-day moving average is $212.69. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.01. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from Cintas's previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. Cintas's dividend 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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