Mcdaniel Terry & Co. Has $40.27 Million Stock Position in Cintas Corporation $CTAS

Mcdaniel Terry & Co. reduced its stake in Cintas Corporation (NASDAQ:CTAS) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 180,705 shares of the business services provider’s stock after selling 368 shares during the quarter. Cintas makes up approximately 3.3% of Mcdaniel Terry & Co.’s investment portfolio, making the stock its 10th biggest position. Mcdaniel Terry & Co.’s holdings in Cintas were worth $40,274,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Nuveen LLC bought a new position in shares of Cintas in the first quarter worth about $1,877,760,000. Voya Investment Management LLC lifted its holdings in Cintas by 516.8% during the first quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock valued at $175,529,000 after purchasing an additional 715,570 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position 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 worth $187,235,000 after purchasing an additional 573,151 shares during the period. Vanguard Group Inc. increased its stake in shares of Cintas by 1.3% in the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock worth $7,781,223,000 after purchasing an additional 491,307 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Cintas by 163.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider’s stock valued at $171,132,000 after purchasing an additional 476,336 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

CTAS stock opened at $190.83 on Friday. The company has a fifty day simple moving average of $201.72 and a two-hundred day simple moving average of $212.28. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $76.69 billion, a P/E ratio of 43.27, a price-to-earnings-growth ratio of 3.32 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. The firm had revenue of $2.72 billion for 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 business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a $0.45 dividend. This is a positive change from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is presently 40.82%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CTAS shares. Citigroup increased their price target on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research note on Friday, September 26th. Royal Bank Of Canada cut their target price on 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 boosted 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. 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cintas in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $222.09.

Insider Activity at Cintas

In related news, 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 transaction of $1,136,121.48. Following the sale, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of Cintas 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 transaction, the chief executive officer directly owned 622,712 shares of the company’s stock, valued at $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.

Cintas 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.