Vident Advisory LLC Decreases Stock Position in Cintas Corporation $CTAS

Key Points

• Vident Advisory LLC has decreased its stake in Cintas Corporation by 3.8%, now holding approximately $8.84 million worth of shares after selling 1,722 shares during the first quarter.
• Cintas recently announced a $0.45 quarterly dividend to be paid on September 15, reflecting a boost from the previous dividend of $0.39 and a yield of 0.9%.
• Analyst ratings for Cintas show a consensus of "Hold" with an average price target of $224.54, indicating mixed sentiment among analysts following recent stock performance.

Vident Advisory LLC lessened its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 3.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,027 shares of the business services provider's stock after selling 1,722 shares during the quarter. Vident Advisory LLC's holdings in Cintas were worth $8,844,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTAS. Nuveen LLC acquired a new stake in Cintas in the first quarter valued at approximately $1,877,760,000. GAMMA Investing LLC lifted its stake in Cintas by 19,644.3% during the first quarter. GAMMA Investing LLC now owns 2,263,091 shares of the business services provider's stock worth $465,133,000 after purchasing an additional 2,251,629 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted 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 buying an additional 573,151 shares during the last quarter. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 491,307 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Cintas by 26.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider's stock worth $407,163,000 after acquiring an additional 468,950 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Performance

Shares of CTAS stock traded up $0.67 on Thursday, reaching $206.28. The stock had a trading volume of 284,834 shares, compared to its average volume of 1,708,394. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $83.13 billion, a price-to-earnings ratio of 46.78, a P/E/G ratio of 3.62 and a beta of 1.01. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The firm's 50-day moving average is $218.38 and its two-hundred day moving average is $212.87.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share 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 analyst estimates of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The firm's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, research analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The firm 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 dividend of $0.45 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 0.9%. Cintas's payout ratio is presently 40.82%.

Analyst Ratings Changes

Several research firms have recently weighed in on CTAS. Morgan Stanley lifted their target price on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Robert W. Baird upped their price target on Cintas from $227.00 to $230.00 and gave the stock a "neutral" 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. The Goldman Sachs Group upped their price target on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, UBS Group upped 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. One investment 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 stock. According to data from MarketBeat.com, Cintas has a consensus rating of "Hold" and an average target price of $224.54.

Insider Transactions at Cintas

In other 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 sale, 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 filing with the SEC, which is accessible through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the company's stock in a transaction dated 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 sale, the chief executive officer 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. 15.00% of the stock is owned by 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.