Venturi Wealth Management LLC Has $2.58 Million Position in Cintas Corporation $CTAS

Venturi Wealth Management LLC reduced its stake in Cintas Corporation (NASDAQ:CTAS) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,588 shares of the business services provider’s stock after selling 671 shares during the period. Venturi Wealth Management LLC’s holdings in Cintas were worth $2,583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CTAS. Crestwood Advisors Group LLC bought a new stake in shares of Cintas in the first quarter valued at about $270,000. Pinnacle Financial Partners Inc boosted its position in shares of Cintas by 3.8% in the first quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider’s stock valued at $12,327,000 after acquiring an additional 2,191 shares during the period. China Universal Asset Management Co. Ltd. boosted its position in shares of Cintas by 51.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider’s stock valued at $2,049,000 after acquiring an additional 3,404 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Cintas by 25.5% in the first quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock valued at $162,615,000 after acquiring an additional 160,820 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Cintas by 1.0% in the first quarter. Fifth Third Bancorp now owns 605,222 shares of the business services provider’s stock valued at $124,391,000 after acquiring an additional 5,784 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Martin Mucci acquired 1,200 shares of the stock in a transaction dated Monday, July 21st. The stock was bought at an average price of $222.55 per share, with a total value of $267,060.00. Following the completion of the purchase, the director directly owned 2,621 shares of the company’s stock, valued at $583,303.55. This represents a 84.45% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 622,712 shares of the company’s stock, valued at $137,557,080.80. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by insiders.

Cintas Stock Up 0.1%

Shares of NASDAQ CTAS opened at $199.17 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The company has a market cap of $80.26 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 3.44 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 stock has a 50-day moving average price of $210.10 and a two-hundred day moving average price of $213.19.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The business’s quarterly revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal 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 paid a $0.45 dividend. This is an increase from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Cintas’s payout ratio is currently 40.82%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CTAS shares. The Goldman Sachs Group boosted their target price on shares of Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Morgan Stanley upped their price objective 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. Royal Bank Of Canada cut their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday, September 25th. UBS Group upped their price objective on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, 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 research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $222.09.

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.