Sequoia Financial Advisors LLC Acquires 4,359 Shares of Cintas Corporation $CTAS

Sequoia Financial Advisors LLC boosted its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 39.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,287 shares of the business services provider's stock after acquiring an additional 4,359 shares during the period. Sequoia Financial Advisors LLC's holdings in Cintas were worth $3,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Cintas by 1.3% during the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock worth $7,781,223,000 after buying an additional 491,307 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Cintas during the first quarter worth $1,877,760,000. Northern Trust Corp lifted its holdings in shares of Cintas by 0.7% during the first quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider's stock worth $841,749,000 after buying an additional 28,469 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Cintas by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider's stock worth $591,373,000 after buying an additional 59,162 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Cintas by 17.4% during the first quarter. Ameriprise Financial Inc. now owns 2,615,330 shares of the business services provider's stock worth $538,303,000 after buying an additional 386,721 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Insider Activity

In other news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the sale, the director directly owned 21,945 shares of the company's stock, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Martin Mucci purchased 1,200 shares of the business's stock in a transaction dated Monday, July 21st. The shares were purchased at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the purchase, the director directly owned 2,621 shares of the company's stock, valued at approximately $583,303.55. This represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Insiders own 14.90% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their target price on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company decreased their price target on Cintas from $221.00 to $218.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Morgan Stanley raised their price target on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Weiss Ratings restated a "buy (b)" rating on shares of Cintas in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their price target on Cintas from $240.00 to $206.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $222.09.

Cintas Stock Performance

NASDAQ:CTAS opened at $188.23 on Wednesday. The stock's 50-day simple moving average is $206.89 and its 200 day simple moving average is $212.86. The firm has a market capitalization of $75.64 billion, a PE ratio of 42.68, a price-to-earnings-growth 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 Corporation has a twelve month low of $180.78 and a twelve month high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.Cintas's revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, analysts anticipate 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 paid a dividend of $0.45 per share. 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas's payout ratio is 40.82%.

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.

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