Janney Montgomery Scott LLC Has $31.30 Million Position in Cintas Corporation $CTAS

Key Points

• Janney Montgomery Scott LLC has reduced its stake in Cintas Corporation by 16%, now holding approximately $31.30 million in shares.
• Cintas reported a quarterly EPS of $1.20, surpassing expectations and indicating an increase in revenue of 8.7% year-over-year to $2.72 billion.
• The company recently increased its quarterly dividend from $0.39 to $0.45, reflecting a positive change in its financial outlook.

Janney Montgomery Scott LLC lowered its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 16.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,434 shares of the business services provider's stock after selling 26,806 shares during the period. Janney Montgomery Scott LLC's holdings in Cintas were worth $31,299,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CTAS. Nuveen LLC acquired a new stake in shares of Cintas during the 1st quarter valued at $1,877,760,000. Voya Investment Management LLC raised its holdings in shares of Cintas by 516.8% during the 1st quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider's stock valued at $175,529,000 after purchasing an additional 715,570 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Cintas by 169.7% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider's stock valued at $187,235,000 after purchasing an additional 573,151 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Cintas by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock valued at $7,781,223,000 after purchasing an additional 491,307 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Cintas by 20.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,585,024 shares of the business services provider's stock valued at $531,300,000 after purchasing an additional 432,980 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Insider Transactions at Cintas

In other news, CEO Todd M. Schneider sold 17,301 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the transaction, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Martin Mucci acquired 1,200 shares of the company'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 acquisition, the director owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Insiders own 14.90% of the company's stock.

Cintas Stock Performance

Shares of CTAS opened at $203.64 on Thursday. The company has a market capitalization of $82.06 billion, a PE ratio of 46.18, a price-to-earnings-growth ratio of 3.54 and a beta of 1.01. 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. The company's fifty day moving average price is $211.82 and its 200 day moving average price is $212.87.

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

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued 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 was Friday, August 15th. This is a positive change from Cintas's previous quarterly dividend of $0.39. Cintas's payout ratio is presently 39.91%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Royal Bank Of Canada cut their price target on shares of Cintas from $240.00 to $206.00 and set a "sector perform" rating on the stock in a report on Thursday, September 25th. UBS Group raised their price target on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, July 18th. Morgan Stanley raised their price target 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, Robert W. Baird raised their price target on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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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