Generali Asset Management SPA SGR Cuts Stock Holdings in Cintas Corporation $CTAS

Key Points

• Generali Asset Management SPA SGR has reduced its stake in Cintas Corporation (CTAS) by 5.0%, now holding 31,645 shares valued at approximately $7.05 million.
• Cintas reported a quarterly earnings per share (EPS) of $1.20, slightly exceeding expectations, and achieved $2.72 billion in revenue, marking an 8.7% year-over-year increase.
• The company recently increased its quarterly dividend from $0.39 to $0.45 per share, reflecting a 1.0% yield with a payout ratio of 40.82%.

Generali Asset Management SPA SGR lessened its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,645 shares of the business services provider's stock after selling 1,683 shares during the period. Generali Asset Management SPA SGR's holdings in Cintas were worth $7,053,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its position in Cintas by 9.3% in the fourth 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 in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Cintas by 75.7% in the 1st 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 in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in shares of Cintas in the 1st quarter worth about $232,000. Sowell Financial Services LLC purchased a new position in shares of Cintas in the 1st quarter worth about $627,000. Finally, Sagespring Wealth Partners LLC boosted its holdings in shares of Cintas by 38.1% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Trading Down 0.4%

Shares of CTAS opened at $187.45 on Thursday. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $206.16 and a two-hundred day simple moving average of $212.69. The stock has a market capitalization of $75.33 billion, a P/E ratio of 42.51, a PEG ratio of 3.25 and a beta of 1.01. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.01. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. Cintas's revenue for the quarter was up 8.7% on a year-over-year basis. During the same period 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. On average, research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Cintas's payout ratio is 40.82%.

Insider Buying and Selling

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average price 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. The trade was a 84.45% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the firm's stock in a transaction dated 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 completion of the sale, the director directly owned 21,945 shares of the company's stock, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CTAS has been the subject of several research reports. The Goldman Sachs Group upped their target price on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada cut their price objective on shares of Cintas from $240.00 to $206.00 and set a "sector perform" rating for the company in a research note on Thursday, September 25th. Citigroup upped their price objective on shares of Cintas from $172.00 to $176.00 and gave the company a "sell" rating in a research note on Friday, September 26th. Weiss Ratings restated a "buy (b)" rating on shares of Cintas in a research report on Wednesday, October 8th. Finally, Morgan Stanley upped their price target on shares of Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $222.09.

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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