Pittenger & Anderson Inc. Has $35.14 Million Holdings in Cintas Corporation $CTAS

Key Points

• Pittenger & Anderson Inc. reduced its stake in Cintas Corporation by 1.7% during the second quarter, holding a total of 157,663 shares valued at approximately $35.14 million.
• Cintas reported earnings of $1.20 per share for the quarter, surpassing estimates and showing an 8.7% revenue increase from the previous year.
• The company recently increased its quarterly dividend to $0.45, representing an annual yield of 0.9%, with a payout ratio of 40.82%.

Pittenger & Anderson Inc. reduced its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,663 shares of the business services provider's stock after selling 2,718 shares during the period. Cintas comprises about 1.3% of Pittenger & Anderson Inc.'s holdings, making the stock its 16th largest position. Pittenger & Anderson Inc.'s holdings in Cintas were worth $35,138,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CTAS. Nuveen LLC acquired a new position in Cintas in the 1st quarter worth about $1,877,760,000. Voya Investment Management LLC increased its holdings in shares of Cintas by 516.8% during 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 acquiring an additional 715,570 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Cintas by 169.7% during 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 during the last quarter. Vanguard Group Inc. increased its holdings in shares of Cintas by 1.3% during 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 acquiring an additional 491,307 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Cintas by 163.4% during 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 acquiring an additional 476,336 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $192.33 on Tuesday. The business has a 50 day moving average price of $203.98 and a 200 day moving average price of $212.50. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The company has a market cap of $77.29 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 3.25 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 (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given a $0.45 dividend. The ex-dividend date was Friday, August 15th. 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. Cintas's dividend payout ratio is 40.82%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CTAS. Morgan Stanley increased their price objective on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Wells Fargo & Company lowered their price objective on Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Citigroup increased their price objective on Cintas from $172.00 to $176.00 and gave the company a "sell" rating in a report on Friday, September 26th. JPMorgan Chase & Co. lowered their price objective on Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Finally, Royal Bank Of Canada lowered their price objective on Cintas from $240.00 to $206.00 and set a "sector perform" rating on the stock in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Cintas has a consensus rating of "Hold" and a consensus price target of $222.09.

Insider Buying and Selling

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $220.90, for a total value of $3,821,790.90. Following the completion of the sale, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the sale, the director 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 disclosure for this sale can be found here. 14.90% of the stock is currently owned by company 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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