MinichMacGregor Wealth Management LLC Sells 5,549 Shares of Cintas Corporation $CTAS

Key Points

• MinichMacGregor Wealth Management LLC reduced its stake in Cintas Corporation by 19.7%, selling 5,549 shares and now holding 22,607 shares valued at $5,038,000.
• Cintas reported a net margin of 17.54% and a return on equity of 40.41%, with quarterly revenue increasing by 8.7% year-over-year, totaling $2.72 billion.
• The company also announced a quarterly dividend increase from $0.39 to $0.45 per share, resulting in an annualized dividend yield of 0.9%.

MinichMacGregor Wealth Management LLC lowered its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 19.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,607 shares of the business services provider's stock after selling 5,549 shares during the quarter. MinichMacGregor Wealth Management LLC's holdings in Cintas were worth $5,038,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new position in shares of Cintas in the 1st quarter valued at approximately $1,877,760,000. GAMMA Investing LLC lifted its stake in Cintas by 19,644.3% in the first quarter. GAMMA Investing LLC now owns 2,263,091 shares of the business services provider's stock valued at $465,133,000 after buying an additional 2,251,629 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Cintas by 516.8% during the first quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider's stock worth $175,529,000 after acquiring an additional 715,570 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in 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 acquiring an additional 573,151 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Cintas by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock worth $7,781,223,000 after purchasing an additional 491,307 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Price Performance

Shares of CTAS opened at $204.24 on Friday. The business has a 50-day simple moving average of $212.81 and a two-hundred day simple moving average of $212.62. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The company has a quick ratio of 1.82, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The stock has a market cap of $82.30 billion, a PE ratio of 45.29, a PEG ratio of 3.49 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share 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 analyst estimates of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $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 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. Investors of record on Friday, August 15th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, August 15th. This is a boost from Cintas's previous quarterly dividend of $0.39. Cintas's dividend payout ratio is presently 39.91%.

Analyst Ratings Changes

CTAS has been the subject of several research reports. UBS Group raised their price target 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. Wells Fargo & Company decreased their target price on shares of Cintas from $221.00 to $218.00 and set an "equal weight" rating for the company in a research report on Thursday. Robert W. Baird boosted their price target on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Morgan Stanley raised their target price 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. Finally, JPMorgan Chase & Co. dropped their price objective on Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Cintas has a consensus rating of "Hold" and a consensus price target of $222.09.

Insider Activity at Cintas

In related news, Director Martin Mucci bought 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 completion of the acquisition, the director directly owned 2,621 shares of the company's stock, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $1,136,121.48. Following the transaction, the director owned 21,945 shares of the company's stock, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their position. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by insiders.

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.

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