Nomura Holdings Inc. Has $4.14 Million Stock Position in Cintas Corporation $CTAS

Key Points

• Nomura Holdings Inc. has decreased its stake in Cintas Corporation by 52.6%, selling 22,363 shares and retaining 20,145 shares worth approximately $4.14 million.
• Cintas reported quarterly earnings of $1.09 per share, surpassing analyst expectations, and saw an 8.0% increase in revenue year-over-year, reaching $2.67 billion.
• The company recently announced an increase in its quarterly dividend from $0.39 to $0.45 per share, reflecting a boost in shareholder returns.

Nomura Holdings Inc. decreased its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 52.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,145 shares of the business services provider's stock after selling 22,363 shares during the period. Nomura Holdings Inc.'s holdings in Cintas were worth $4,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Cintas by 1.3% in the first 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. Nuveen LLC acquired a new stake in shares of Cintas in the first quarter valued at approximately $1,877,760,000. Northern Trust Corp increased its holdings in shares of Cintas by 0.7% in the first quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider's stock valued at $841,749,000 after purchasing an additional 28,469 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Cintas by 3.3% in the fourth quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider's stock valued at $667,919,000 after purchasing an additional 115,268 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Cintas by 11.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,818,147 shares of the business services provider's stock valued at $514,875,000 after purchasing an additional 295,226 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Insider Activity

In other news, CEO Todd M. Schneider sold 17,301 shares of the business's stock in a transaction on 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 completion of the transaction, the chief executive officer owned 622,712 shares of the company's stock, valued at $137,557,080.80. The trade was a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the business's stock in a transaction on 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 completion of the transaction, the director directly owned 21,945 shares of the company's stock, valued at $4,904,049.15. This trade represents a 18.81% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on CTAS shares. 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. 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. JPMorgan Chase & Co. started coverage on shares of Cintas in a report on Monday, July 14th. They issued an "overweight" rating and a $239.00 price target for the company. 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, Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $224.54.

Cintas Trading Down 1.1%

CTAS traded down $2.34 during trading on Friday, reaching $204.50. 1,413,719 shares of the company's stock were exchanged, compared to its average volume of 1,760,061. The company's fifty day moving average price is $217.78 and its 200-day moving average price is $212.89. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The firm has a market capitalization of $82.41 billion, a PE ratio of 46.37, a P/E/G ratio of 3.57 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 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The firm 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 business earned $3.99 EPS. The business's quarterly revenue was up 8.0% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be issued a $0.45 dividend. This is a positive change from Cintas's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas's dividend payout ratio (DPR) is presently 40.82%.

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.