Cintas Corporation $CTAS Shares Sold by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Cintas Corporation by 39.9%, now holding 132,934 shares valued at approximately $29.16 million.
• Cintas reported earnings per share of $1.09 for the last quarter, surpassing analyst expectations, and experienced a year-over-year revenue increase of 8% to $2.67 billion.
• The company's quarterly dividend was raised to $0.45, marking a boost from its previous dividend of $0.39, with a current dividend yield of 0.9%.

Wealth Enhancement Advisory Services LLC trimmed its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 39.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,934 shares of the business services provider's stock after selling 88,092 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Cintas were worth $29,160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crestwood Advisors Group LLC purchased a new stake in Cintas during the 1st quarter worth about $270,000. Pinnacle Financial Partners Inc lifted its holdings in Cintas by 3.8% during the 1st quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider's stock worth $12,327,000 after buying an additional 2,191 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in Cintas by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider's stock worth $2,049,000 after buying an additional 3,404 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Cintas by 25.5% during the 1st quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider's stock worth $162,615,000 after buying an additional 160,820 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Cintas by 1.0% during the 1st quarter. Fifth Third Bancorp now owns 605,222 shares of the business services provider's stock worth $124,391,000 after buying an additional 5,784 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

CTAS traded down $1.31 on Tuesday, hitting $201.28. 289,746 shares of the company traded hands, compared to its average volume of 1,735,980. The company has a 50 day moving average of $214.09 and a 200-day moving average of $212.73. 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 stock has a market capitalization of $81.11 billion, a PE ratio of 45.59, a PEG ratio of 3.45 and a beta of 1.01. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate 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 prior year, the business earned $3.99 EPS. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. Sell-side analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders 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 represents a $1.80 annualized dividend and a yield of 0.9%. This is a boost from Cintas's previous quarterly dividend of $0.39. Cintas's dividend payout ratio (DPR) is currently 40.82%.

Insider Buying and Selling at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the business'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 transaction of $3,821,790.90. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Martin Mucci bought 1,200 shares of the company's stock in a transaction on Monday, July 21st. The shares were acquired at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the transaction, the director directly owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. 14.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of recent analyst reports. UBS Group lifted their price target on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Robert W. Baird lifted 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. Morgan Stanley boosted their target price on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. The Goldman Sachs Group boosted their target price on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $240.00 target price on shares of Cintas in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $224.54.

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.