Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 2,550 Shares of Cintas Corporation $CTAS

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA has reduced its stake in Cintas Corporation by 8.2%, selling 2,550 shares during the second quarter, bringing their total holdings to 28,439 shares valued at approximately $6.34 million.
• Cintas recently reported $1.20 earnings per share, slightly exceeding the consensus estimate, while its revenue grew 8.7% year-over-year to $2.72 billion.
• The company has increased its quarterly dividend from $0.39 to $0.45, indicating a commitment to returning value to shareholders despite market fluctuations.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 8.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,439 shares of the business services provider's stock after selling 2,550 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Cintas were worth $6,338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in shares of Cintas in the 1st quarter valued at about $1,877,760,000. Voya Investment Management LLC raised its holdings in shares of Cintas by 516.8% in 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% in 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% in 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, Robeco Institutional Asset Management B.V. raised its holdings in shares of Cintas by 163.4% in the 2nd 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 in the last quarter. Institutional investors own 63.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CTAS. Citigroup boosted their price target on shares of Cintas from $172.00 to $176.00 and gave the company a "sell" rating in a report on Friday, September 26th. Royal Bank Of Canada reduced their price objective on shares of Cintas from $240.00 to $206.00 and set a "sector perform" rating for the company in a research note on Thursday, September 25th. The Goldman Sachs Group boosted their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company reduced their price objective on shares of Cintas from $221.00 to $218.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Finally, UBS Group boosted their price objective 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 investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $222.09.

Cintas Stock Down 1.5%

NASDAQ:CTAS opened at $193.54 on Thursday. The company has a market cap of $77.78 billion, a PE ratio of 43.89, a P/E/G ratio of 3.40 and a beta of 1.01. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The company's 50 day moving average is $202.81 and its two-hundred day moving average is $212.26.

Cintas (NASDAQ:CTAS - Get Free Report) last released 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 company 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%. Cintas's revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

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

Insider Buying and Selling at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of the company's stock in a transaction on 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 sale, the director directly owned 21,945 shares of the company's stock, valued at $4,904,049.15. This represents a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 622,712 shares in the company, valued at $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is owned by corporate insiders.

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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