Callahan Advisors LLC Decreases Stock Holdings in Cintas Corporation $CTAS

Callahan Advisors LLC reduced its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,214 shares of the business services provider’s stock after selling 405 shares during the quarter. Callahan Advisors LLC’s holdings in Cintas were worth $7,402,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in Cintas during the first quarter worth approximately $27,000. Saudi Central Bank purchased a new stake in Cintas during the first quarter worth approximately $29,000. Stone House Investment Management LLC purchased a new stake in Cintas during the first quarter worth approximately $41,000. Resources Management Corp CT ADV acquired a new position in shares of Cintas during the first quarter worth $41,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted 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 purchasing an additional 181 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CTAS has been the topic of a number of recent research reports. UBS Group boosted their target price 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. JPMorgan Chase & Co. reduced their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Wells Fargo & Company reduced their target price on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. The Goldman Sachs Group boosted their target price on shares of Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Robert W. Baird boosted their target price on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. One equities 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $222.09.

Insiders Place Their Bets

In other Cintas news, Director Martin Mucci bought 1,200 shares of the company’s stock in a transaction on Monday, July 21st. The shares were bought at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the acquisition, the director 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 directly owned 21,945 shares in the company, 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. 14.90% of the stock is owned by corporate insiders.

Cintas Trading Down 0.4%

CTAS opened at $187.45 on Thursday. The stock has a market capitalization of $75.33 billion, a PE ratio of 42.51, a P/E/G ratio of 3.25 and a beta of 1.01. The firm’s fifty day moving average price is $206.16 and its 200 day moving average price is $212.69. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24.

Cintas (NASDAQ:CTAS) last posted its quarterly 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 firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, research analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were issued a $0.45 dividend. This is a boost from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 15th. Cintas’s dividend payout ratio is currently 40.82%.

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.