Vest Financial LLC Lowers Stock Holdings in Cintas Corporation $CTAS

Key Points

• Vest Financial LLC has reduced its holdings in Cintas Corporation by 5.3% in the second quarter, owning 257,179 shares valued at approximately $57.3 million.
• Significant increases in holdings from other institutional investors include Nuveen LLC, which acquired a stake valued at $1.88 billion, highlighting strong interest in Cintas.
• Cintas announced a quarterly dividend increase from $0.39 to $0.45, reflecting a dividend payout ratio of 40.82% and an annualized yield of 1.0%.

Vest Financial LLC cut its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,179 shares of the business services provider's stock after selling 14,527 shares during the quarter. Vest Financial LLC owned 0.06% of Cintas worth $57,317,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CTAS. Nuveen LLC acquired a new stake in Cintas in the first quarter valued at $1,877,760,000. Voya Investment Management LLC increased its stake in Cintas by 516.8% in the first quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider's stock valued at $175,529,000 after purchasing an additional 715,570 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Cintas by 169.7% in the first 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 purchasing an additional 573,151 shares during the last quarter. Vanguard Group Inc. increased its stake in 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 during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Cintas by 163.4% during the second 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 period. Institutional investors and hedge funds own 63.46% of the company's stock.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were 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 directly owned 21,945 shares in the company, valued at $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Todd M. Schneider sold 17,301 shares of the firm'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 transaction of $3,821,790.90. Following 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 position. The disclosure for this sale can be found here. 14.90% of the stock is owned by insiders.

Cintas Stock Down 2.0%

Shares of NASDAQ:CTAS opened at $187.96 on Monday. The stock has a market capitalization of $75.54 billion, a price-to-earnings ratio of 42.62, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24. The company's fifty day moving average is $208.33 and its two-hundred day moving average is $213.14. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24.

Cintas (NASDAQ:CTAS - Get Free Report) last issued 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 company had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The firm's revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were issued a $0.45 dividend. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas's dividend payout ratio is 40.82%.

Analysts Set New Price Targets

CTAS has been the subject of a number of research reports. UBS Group boosted their price target on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Citigroup upped their target price on Cintas from $172.00 to $176.00 and gave the stock a "sell" rating in a research report on Friday, September 26th. Robert W. Baird upped their target price on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Morgan Stanley upped their target price on Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. decreased their target price on Cintas from $246.00 to $230.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Cintas has a consensus rating of "Hold" and an average target price of $222.09.

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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