Cintas Corporation $CTAS Position Decreased by Asset Advisors Investment Management LLC

Asset Advisors Investment Management LLC trimmed its holdings in Cintas Corporation (NASDAQ:CTAS) by 0.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 167,069 shares of the business services provider’s stock after selling 746 shares during the period. Cintas accounts for 3.7% of Asset Advisors Investment Management LLC’s holdings, making the stock its 6th biggest holding. Asset Advisors Investment Management LLC’s holdings in Cintas were worth $37,235,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. WPG Advisers LLC acquired a new position in shares of Cintas during the 1st quarter worth about $27,000. Saudi Central Bank acquired a new position in shares of Cintas during the 1st quarter worth about $29,000. Stone House Investment Management LLC acquired a new position in shares of Cintas during the 1st quarter worth about $41,000. Resources Management Corp CT ADV acquired a new position in shares of Cintas during the 1st quarter worth about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in shares of Cintas by 646.4% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock worth $43,000 after purchasing an additional 181 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

Cintas stock opened at $202.91 on Friday. The firm has a 50 day simple moving average of $211.42 and a 200-day simple moving average of $212.93. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The stock has a market cap of $81.77 billion, a price-to-earnings ratio of 46.01, a price-to-earnings-growth ratio of 3.52 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data 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 firm had revenue of $2.72 billion during 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, analysts expect 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. Stockholders of record on Friday, August 15th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, August 15th. This is a positive change from Cintas’s previous quarterly dividend of $0.39. Cintas’s dividend payout ratio (DPR) is 40.82%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CTAS shares. Morgan Stanley upped their price target 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. Wells Fargo & Company cut their price objective on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. cut their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Robert W. Baird increased their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Finally, The Goldman Sachs Group increased their price objective on shares of Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $222.09.

Insider Buying and Selling

In related news, Director Martin Mucci purchased 1,200 shares of the business’s stock in a transaction that occurred on 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 purchase, the director directly owned 2,621 shares of the company’s stock, valued at $583,303.55. The trade was a 84.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction on 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 owned 21,945 shares in the company, valued at $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. 14.90% of the stock is owned by company insiders.

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.