Checchi Capital Advisers LLC Has $1.42 Million Stake in Cintas Corporation $CTAS

Checchi Capital Advisers LLC trimmed its holdings in Cintas Corporation (NASDAQ:CTAS) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,383 shares of the business services provider’s stock after selling 243 shares during the period. Checchi Capital Advisers LLC’s holdings in Cintas were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

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 value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the firm’s 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 directly 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. 14.90% of the stock is owned by corporate insiders.

Cintas Trading Down 0.1%

Shares of NASDAQ:CTAS opened at $202.61 on Friday. The company has a market capitalization of $81.65 billion, a P/E ratio of 45.94, a P/E/G ratio of 3.50 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 has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The business’s 50 day simple moving average is $211.00 and its 200 day simple moving average is $213.11.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were paid 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 is currently 40.82%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Morgan Stanley upped their price objective on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. dropped their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Royal Bank Of Canada dropped their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cintas in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $222.09.

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.