Lecap Asset Management Ltd. Has $778,000 Position in Cintas Corporation $CTAS

Key Points

• Lecap Asset Management Ltd. reduced its stake in Cintas Corporation by 69% during the second quarter, leaving them with 3,490 shares valued at $778,000.
• Several institutional investors increased their holdings in Cintas during the same period, notably, Robeco Institutional Asset Management B.V., which boosted its stake by 163.4% to own 767,857 shares valued at $171.1 million.
• The company has recently announced a quarterly dividend increase to $0.45 per share, representing an annualized dividend yield of 0.9% for stockholders.

Lecap Asset Management Ltd. reduced its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 69.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,490 shares of the business services provider's stock after selling 7,755 shares during the period. Lecap Asset Management Ltd.'s holdings in Cintas were worth $778,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ASR Vermogensbeheer N.V. increased its holdings in shares of Cintas by 46.4% in the second quarter. ASR Vermogensbeheer N.V. now owns 12,681 shares of the business services provider's stock valued at $2,826,000 after purchasing an additional 4,019 shares during the last quarter. Brookmont Capital Management increased its holdings in shares of Cintas by 9.4% in the second quarter. Brookmont Capital Management now owns 1,257 shares of the business services provider's stock valued at $280,000 after purchasing an additional 108 shares during the last quarter. Pure Financial Advisors LLC acquired a new position in shares of Cintas in the second quarter valued at $239,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Cintas by 163.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider's stock valued at $171,132,000 after purchasing an additional 476,336 shares during the last quarter. Finally, Woodward Diversified Capital LLC acquired a new position in shares of Cintas in the second quarter valued at $262,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on CTAS shares. The Goldman Sachs Group upped 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. Citigroup upped their price target 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. Robert W. Baird upped their price target on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. decreased their price target on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. 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 note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Cintas presently has a consensus rating of "Hold" and a consensus target price of $222.09.

Cintas Trading Down 0.4%

Shares of Cintas stock opened at $202.91 on Friday. The company has a market capitalization of $81.77 billion, a price-to-earnings ratio of 46.01, a PEG ratio of 3.52 and a beta of 1.01. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The firm's 50-day moving average price is $211.42 and its two-hundred day moving average price is $212.93.

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

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Cintas's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. Cintas's dividend payout ratio (DPR) is currently 40.82%.

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of the 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 completion of the transaction, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the transaction, the chief executive officer directly owned 622,712 shares of the company's stock, valued at $137,557,080.80. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.90% of the company's stock.

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.

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Corporation (NASDAQ:CTAS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.