Cintas Corporation $CTAS Shares Sold by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC has reduced its stake in Cintas Corporation by 57.6%, bringing its holdings to 14,558 shares, valued at approximately $2.99 million.
• Several institutional investors have recently increased their stakes in Cintas, with ownership by hedge funds and other institutional investors now at 63.46% of the stock.
• Cintas has announced a dividend increase to $0.45 per share, up from $0.39, with plans to distribute this on September 15th.

Quantitative Investment Management LLC trimmed its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 57.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,558 shares of the business services provider's stock after selling 19,808 shares during the quarter. Quantitative Investment Management LLC's holdings in Cintas were worth $2,992,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after purchasing an additional 108 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of Cintas by 0.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock worth $93,969,000 after purchasing an additional 3,504 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Cintas in the fourth quarter valued at $215,000. Dark Forest Capital Management LP increased its stake in Cintas by 70.3% in the fourth quarter. Dark Forest Capital Management LP now owns 3,292 shares of the business services provider's stock valued at $601,000 after purchasing an additional 1,359 shares during the last quarter. Finally, Hancock Whitney Corp lifted its position in Cintas by 17.8% during the fourth quarter. Hancock Whitney Corp now owns 5,331 shares of the business services provider's stock worth $974,000 after buying an additional 805 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CTAS has been the subject of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on Cintas in a report on Monday, July 14th. They issued an "overweight" rating and a $239.00 price target for the company. Royal Bank Of Canada restated a "sector perform" rating and issued a $240.00 target price on shares of Cintas in a report on Thursday, August 21st. UBS Group increased 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. Redburn Atlantic cut shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective for the company. in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group upped their price objective on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Cintas presently has a consensus rating of "Hold" and a consensus price target of $224.54.

Cintas Stock Up 0.1%

NASDAQ CTAS traded up $0.21 on Wednesday, reaching $213.20. The company had a trading volume of 2,114,711 shares, compared to its average volume of 1,617,608. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The firm has a 50-day moving average of $219.78 and a 200-day moving average of $212.76. The firm has a market capitalization of $85.92 billion, a PE ratio of 48.34, a P/E/G ratio of 3.67 and a beta of 1.03.

Cintas (NASDAQ:CTAS - Get Free Report) last posted 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. The business had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, equities research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. Cintas's dividend payout ratio is presently 40.82%.

Insider Buying and Selling

In related news, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction dated 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 transaction, the director owned 21,945 shares of the company's stock, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction that occurred 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 directly owned 622,712 shares in the company, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

About Cintas

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.