Cintas Corporation $CTAS Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. cut its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 9.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,605 shares of the business services provider’s stock after selling 551 shares during the period. Freedom Investment Management Inc.’s holdings in Cintas were worth $1,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in Cintas during the 1st quarter worth approximately $27,000. Saudi Central Bank acquired a new position in Cintas during the 1st quarter worth approximately $29,000. Stone House Investment Management LLC acquired a new position in Cintas during the 1st quarter worth approximately $41,000. Resources Management Corp CT ADV acquired a new position in shares of Cintas in the 1st quarter valued at approximately $41,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Cintas in the 1st quarter valued at approximately $46,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cintas

In other Cintas 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 sale, the chief executive officer directly owned 622,712 shares of the company’s stock, valued at $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 value of $1,136,121.48. Following the completion of the sale, the director directly owned 21,945 shares in the company, valued at $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 Stock Performance

Shares of CTAS opened at $192.34 on Friday. 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. The business’s fifty day moving average price is $202.23 and its 200 day moving average price is $212.27. The stock has a market capitalization of $77.30 billion, a PE ratio of 43.61, a price-to-earnings-growth ratio of 3.34 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data 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. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities research analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Cintas’s previous quarterly dividend of $0.39. Cintas’s payout ratio is currently 40.82%.

Analyst Ratings Changes

A number of equities analysts have issued reports on CTAS shares. JPMorgan Chase & Co. cut their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Morgan Stanley upped their target price on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. UBS Group upped their target price on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Wells Fargo & Company cut their target price on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $222.09.

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.