Acadian Asset Management LLC Lowers Position in Cintas Corporation $CTAS

Acadian Asset Management LLC cut its stake in Cintas Corporation (NASDAQ:CTAS) by 42.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,430,733 shares of the business services provider’s stock after selling 1,075,798 shares during the quarter. Cintas accounts for about 0.8% of Acadian Asset Management LLC’s portfolio, making the stock its 29th biggest position. Acadian Asset Management LLC owned approximately 0.35% of Cintas worth $294,031,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CTAS. Brighton Jones LLC raised its stake in shares of Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after purchasing an additional 108 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in Cintas by 0.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider’s stock valued at $93,969,000 after buying an additional 3,504 shares during the last quarter. Gotham Asset Management LLC increased its stake in Cintas by 26.9% in the 4th quarter. Gotham Asset Management LLC now owns 37,749 shares of the business services provider’s stock valued at $6,897,000 after buying an additional 8,009 shares during the last quarter. Janus Henderson Group PLC increased its stake in Cintas by 29.9% in the 4th quarter. Janus Henderson Group PLC now owns 91,322 shares of the business services provider’s stock valued at $16,683,000 after buying an additional 21,015 shares during the last quarter. Finally, MJP Associates Inc. ADV increased its stake in Cintas by 2.1% in the 4th quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider’s stock valued at $441,000 after buying an additional 50 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company upgraded shares of Cintas from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. 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 research note on Wednesday, July 2nd. JPMorgan Chase & Co. assumed coverage on shares of Cintas in a research note on Monday, July 14th. They issued an “overweight” rating and a $239.00 price objective for the company. 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 research note on Friday, July 18th. Finally, UBS Group raised their target price on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cintas has an average rating of “Hold” and an average price target of $224.54.

Insider Activity

In other news, Director Martin Mucci purchased 1,200 shares of Cintas stock in a transaction dated Monday, July 21st. The stock was purchased at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the transaction, the director directly owned 2,621 shares of the company’s stock, valued at approximately $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the transaction, the director owned 21,945 shares of the company’s stock, valued at $4,904,049.15. This trade 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.

Cintas Stock Down 0.4%

Cintas stock opened at $202.07 on Wednesday. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24. The firm has a market capitalization of $81.43 billion, a price-to-earnings ratio of 45.82, a P/E/G ratio of 3.50 and a beta of 1.01. 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 firm has a 50 day simple moving average of $216.93 and a 200 day simple moving average of $212.89.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the business earned $3.99 EPS. Cintas’s revenue was up 8.0% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. On average, analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

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

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.