Cintas Corporation $CTAS Shares Sold by Marshall Financial Group LLC

Key Points

• Marshall Financial Group LLC decreased its stake in Cintas Corporation by 17.1% during the second quarter, ending up with 6,465 shares valued at approximately $1.4 million.
• Cintas announced a boost in its quarterly dividend to $0.45 per share, up from $0.39, resulting in an annualized yield of 0.9%.
• Analyst ratings for Cintas reflect a consensus of "Hold," with a target price averaging at $224.54, while several major firms have set price targets ranging from $220.00 to $255.00.

Marshall Financial Group LLC lessened its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 17.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,465 shares of the business services provider's stock after selling 1,331 shares during the quarter. Marshall Financial Group LLC's holdings in Cintas were worth $1,406,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in shares of Cintas during the first quarter valued at $27,000. Saudi Central Bank acquired a new position in Cintas in the 1st quarter valued at $29,000. Stone House Investment Management LLC acquired a new position in Cintas in the 1st quarter valued at $41,000. Resources Management Corp CT ADV bought a new position in shares of Cintas in the 1st quarter valued at $41,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in 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 worth $43,000 after acquiring an additional 181 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

NASDAQ CTAS traded up $0.62 during trading hours on Friday, reaching $200.13. 4,117,133 shares of the stock traded hands, compared to its average volume of 1,984,594. The stock has a 50 day simple moving average of $214.38 and a two-hundred day simple moving average of $212.65. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. The company has a market cap of $80.65 billion, a price-to-earnings ratio of 45.38, a price-to-earnings-growth ratio of 3.45 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the previous year, the company posted $3.99 EPS. Cintas's revenue for the quarter was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently declared 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 of this dividend was Friday, August 15th. This is a positive change from Cintas's previous quarterly dividend of $0.39. Cintas's payout ratio is currently 40.82%.

Insider Buying and Selling

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the firm's stock in a transaction on Monday, July 21st. The shares were acquired at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the acquisition, the director directly owned 2,621 shares in the company, valued at $583,303.55. The trade was 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 the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $220.90, for a total value of $3,821,790.90. Following the transaction, the chief executive officer owned 622,712 shares of the company's stock, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on Cintas in a research report on Monday, July 14th. They issued an "overweight" rating and a $239.00 price target on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $240.00 price target on shares of Cintas in a research note on Thursday, August 21st. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $196.00 to $221.00 in a research note on Tuesday, July 1st. UBS Group increased their price objective on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Morgan Stanley increased their price objective on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Cintas presently has a consensus rating of "Hold" and an average price target of $224.54.

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.