Fifth Third Wealth Advisors LLC Decreases Stake in Cintas Corporation $CTAS

Fifth Third Wealth Advisors LLC lowered its position in Cintas Corporation (NASDAQ:CTAS) by 1.8% during the second quarter, HoldingsChannel reports. The firm owned 3,761 shares of the business services provider’s stock after selling 68 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Cintas were worth $838,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTAS. Nuveen LLC purchased a new position in Cintas in the 1st quarter valued at $1,877,760,000. Voya Investment Management LLC increased its stake in shares of Cintas by 516.8% in the 1st quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock worth $175,529,000 after acquiring an additional 715,570 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Cintas by 169.7% in the 1st 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 acquiring an additional 573,151 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Cintas by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock worth $7,781,223,000 after acquiring an additional 491,307 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Cintas by 163.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider’s stock worth $171,132,000 after acquiring an additional 476,336 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a research note on Wednesday, October 8th. Morgan Stanley raised their target price on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research note 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 for the company in a research note on Thursday, September 25th. The Goldman Sachs Group raised their target price on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, Robert W. Baird raised their target price on Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research note 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 issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $222.09.

Cintas Stock Down 2.0%

Shares of NASDAQ:CTAS opened at $187.96 on Monday. The business has a 50-day moving average price of $208.33 and a 200 day moving average price of $213.14. 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 capitalization of $75.54 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 3.25 and a beta of 1.01. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Sell-side analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 1.0%. This is an increase from Cintas’s previous quarterly dividend of $0.39. Cintas’s dividend payout ratio is presently 40.82%.

Insider Buying and Selling at Cintas

In other news, Director Martin Mucci bought 1,200 shares of the company’s stock in a transaction on Monday, July 21st. The stock was bought at an average cost of $222.55 per share, with a total value of $267,060.00. Following the transaction, the director directly owned 2,621 shares in the company, valued at $583,303.55. The trade was a 84.45% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the transaction, the director directly owned 21,945 shares of the company’s stock, valued at approximately $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 currently owned by corporate insiders.

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.