J. Safra Sarasin Holding AG Sells 8,718 Shares of Cintas Corporation $CTAS

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Cintas Corporation (CTAS) by 51.7% in the second quarter, now holding 8,140 shares valued at approximately $1.8 million.
• In a recent earnings report, Cintas posted $1.20 EPS for the quarter, exceeding estimates, with revenue up 8.7% year-over-year.
• Cintas recently increased its quarterly dividend from $0.39 to $0.45 per share, representing an annualized yield of 0.9% and a payout ratio of 40.82%.

J. Safra Sarasin Holding AG lessened its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 51.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,140 shares of the business services provider's stock after selling 8,718 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Cintas were worth $1,814,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CTAS. Vanguard Group Inc. raised its holdings in Cintas by 1.3% during the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock valued at $7,781,223,000 after buying an additional 491,307 shares in the last quarter. Nuveen LLC bought a new position in Cintas during the first quarter worth $1,877,760,000. Northern Trust Corp raised its position in shares of Cintas by 0.7% during the first quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider's stock valued at $841,749,000 after buying an additional 28,469 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Cintas by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider's stock valued at $591,373,000 after buying an additional 59,162 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Cintas by 17.4% during the first quarter. Ameriprise Financial Inc. now owns 2,615,330 shares of the business services provider's stock valued at $538,303,000 after buying an additional 386,721 shares during the last quarter. Institutional investors own 63.46% of the company's stock.

Insider Buying and Selling

In other Cintas news, Director Martin Mucci bought 1,200 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were bought at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the acquisition, the director owned 2,621 shares of the company's stock, valued at approximately $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the 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 sale, the director directly owned 21,945 shares in the company, 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. 14.90% of the stock is owned by corporate insiders.

Cintas Stock Down 0.1%

CTAS opened at $202.61 on Friday. The firm's 50-day simple moving average is $211.00 and its 200-day simple moving average is $212.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The firm has a market cap of $81.65 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 3.50 and a beta of 1.01.

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 the consensus estimate of $1.19 by $0.01. The business had revenue of $2.72 billion for 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%. The firm's quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal 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 given a dividend of $0.45 per share. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas's dividend payout ratio is currently 40.82%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CTAS. Wells Fargo & Company lowered their price target on Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. The Goldman Sachs Group upped 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. Weiss Ratings reissued a "buy (b)" rating on shares of Cintas in a report on Saturday, September 27th. JPMorgan Chase & Co. dropped their price objective on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. 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 research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $222.09.

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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