CreativeOne Wealth LLC Sells 4,971 Shares of Cintas Corporation $CTAS

CreativeOne Wealth LLC trimmed its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 23.0% in the 1st quarter, Holdings Channel reports. The firm owned 16,643 shares of the business services provider’s stock after selling 4,971 shares during the quarter. CreativeOne Wealth LLC’s holdings in Cintas were worth $3,421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Ieq Capital LLC lifted its position in shares of Cintas by 17.9% during the first quarter. Ieq Capital LLC now owns 61,856 shares of the business services provider’s stock worth $12,713,000 after purchasing an additional 9,404 shares during the last quarter. PKS Advisory Services LLC bought a new stake in shares of Cintas in the first quarter valued at about $225,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of 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 acquiring an additional 573,151 shares in the last quarter. Comerica Bank raised its holdings in shares of Cintas by 9.8% in the first quarter. Comerica Bank now owns 91,991 shares of the business services provider’s stock valued at $18,907,000 after acquiring an additional 8,215 shares in the last quarter. Finally, ICONIQ Capital LLC bought a new stake in shares of Cintas in the first quarter valued at about $229,000. 63.46% of the stock is currently owned by institutional investors.

Insider Transactions at Cintas

In other news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 622,712 shares in the company, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction on 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 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 disclosure for this sale can be found here. Company insiders own 15.00% of the company’s stock.

Analyst Ratings Changes

CTAS has been the subject of several recent research reports. Robert W. Baird lifted their price objective on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Royal Bank Of Canada restated a “sector perform” rating and issued a $240.00 price objective on shares of Cintas in a report on Thursday, August 21st. Morgan Stanley lifted their price objective 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 lifted their price objective on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. started coverage on Cintas in a report on Monday, July 14th. They issued an “overweight” rating and a $239.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $224.54.

Cintas Trading Up 0.1%

Shares of NASDAQ:CTAS opened at $213.20 on Thursday. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $85.92 billion, a PE ratio of 48.34, a PEG ratio of 3.67 and a beta of 1.03. The business has a 50 day moving average of $219.64 and a two-hundred day moving average of $212.76. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%.The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the prior year, the company posted $3.99 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, analysts forecast that Cintas Corporation will post 4.31 EPS for the current 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. The ex-dividend date is Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Cintas’s previous quarterly dividend of $0.39. Cintas’s dividend payout ratio (DPR) is currently 40.82%.

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.