Cintas Corporation $CTAS Shares Sold by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC reduced its holdings in Cintas Corporation by 21.5%, now holding shares valued at approximately $4.35 million.
• Cintas recently increased its quarterly dividend to $0.45 per share, representing a 15.4% boost from the previous $0.39.
• Analysts have mixed ratings on Cintas stock, with a consensus "Hold" rating and a target price averaging $224.54.

Great Lakes Advisors LLC reduced its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 21.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 21,145 shares of the business services provider's stock after selling 5,789 shares during the quarter. Great Lakes Advisors LLC's holdings in Cintas were worth $4,346,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Cintas by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock worth $7,781,223,000 after buying an additional 491,307 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Cintas in the 1st quarter valued at $1,877,760,000. Northern Trust Corp raised its holdings in shares of Cintas by 0.7% in the 1st quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider's stock valued at $841,749,000 after purchasing an additional 28,469 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Cintas by 3.3% in the 4th quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider's stock valued at $667,919,000 after purchasing an additional 115,268 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Cintas by 11.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,818,147 shares of the business services provider's stock valued at $514,875,000 after purchasing an additional 295,226 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of NASDAQ:CTAS traded down $2.13 during midday trading on Friday, hitting $202.37. The stock had a trading volume of 1,371,284 shares, compared to its average volume of 1,933,127. The company has a market capitalization of $81.55 billion, a PE ratio of 45.89, a P/E/G ratio of 3.53 and a beta of 1.01. The stock has a 50 day moving average price of $216.03 and a two-hundred day moving average price of $212.79. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter 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. As a group, equities analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, August 15th. This is an increase from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas's dividend payout ratio (DPR) is presently 40.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada restated a "sector perform" rating and issued a $240.00 price objective on shares of Cintas in a report on Thursday, August 21st. JPMorgan Chase & Co. assumed coverage on shares of Cintas in a report on Monday, July 14th. They issued an "overweight" rating and a $239.00 price objective on the stock. The Goldman Sachs Group raised their price objective on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Morgan Stanley raised 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. Finally, UBS Group lifted their price target on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Cintas currently has a consensus rating of "Hold" and a consensus target price of $224.54.

Insiders Place Their Bets

In other news, Director Martin Mucci acquired 1,200 shares of the business's stock in a transaction dated Monday, July 21st. The stock was acquired at an average price of $222.55 per share, with a total value of $267,060.00. Following the completion of the transaction, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This represents a 84.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by company insiders.

About Cintas

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.