Cintas Corporation $CTAS Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. reduced its holdings in Cintas Corporation by 49.4%, retaining 363,572 shares valued at approximately $74.73 million.
• Cintas announced a quarterly dividend increase from $0.39 to $0.45, resulting in a 0.9% dividend yield.
• The company's recent earnings report showed a quarterly revenue of $2.67 billion, exceeding analyst expectations, with a year-over-year revenue increase of 8%.

Jacobs Levy Equity Management Inc. trimmed its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 49.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 363,572 shares of the business services provider's stock after selling 355,487 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.09% of Cintas worth $74,725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. WPG Advisers LLC acquired a new stake in Cintas during the 1st quarter valued at approximately $27,000. Saudi Central Bank purchased a new position in shares of Cintas during the 1st quarter valued at approximately $29,000. Stone House Investment Management LLC purchased a new position in shares of Cintas during the 1st quarter valued at approximately $41,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Cintas by 646.4% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock valued at $43,000 after purchasing an additional 181 shares in the last quarter. Finally, Washington Trust Advisors Inc. purchased a new position in shares of Cintas during the 1st quarter valued at approximately $46,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value 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 represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Martin Mucci bought 1,200 shares of the firm's stock in a transaction on Monday, July 21st. The stock was bought at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 15.00% of the company's stock.

Cintas Trading Down 0.4%

Shares of CTAS stock traded down $0.71 on Tuesday, hitting $202.07. 1,875,943 shares of the stock traded hands, compared to its average volume of 1,719,661. The firm's 50-day moving average price is $217.38 and its two-hundred day moving average price is $212.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. The stock has a market capitalization of $81.43 billion, a PE ratio of 45.82, a PEG ratio of 3.53 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 announced its quarterly 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 firm had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The company's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Cintas's previous quarterly dividend of $0.39. Cintas's dividend payout ratio is presently 40.82%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. Morgan Stanley lifted their target price 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. Robert W. Baird lifted their target price on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $240.00 target price on shares of Cintas in a report on Thursday, August 21st. One equities research 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's stock. Based on data from MarketBeat.com, Cintas currently has an average rating of "Hold" and an average price target of $224.54.

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.