Forum Financial Management LP Trims Holdings in Cintas Corporation $CTAS

Forum Financial Management LP decreased its holdings in Cintas Corporation (NASDAQ:CTAS) by 6.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,807 shares of the business services provider’s stock after selling 197 shares during the quarter. Forum Financial Management LP’s holdings in Cintas were worth $626,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Alpha Financial Partners LLC boosted its position in shares of Cintas by 2.9% in the 2nd quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock worth $357,000 after buying an additional 45 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Cintas by 3.9% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock worth $258,000 after buying an additional 47 shares in the last quarter. Oarsman Capital Inc. boosted its position in shares of Cintas by 3.9% in the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock worth $272,000 after buying an additional 49 shares in the last quarter. Independent Wealth Network Inc. boosted its position in shares of Cintas by 4.8% in the 2nd quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock worth $240,000 after buying an additional 49 shares in the last quarter. Finally, PDS Planning Inc lifted its holdings in Cintas by 2.0% in the 2nd quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock valued at $559,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Insider Activity

In related news, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the transaction, the chief executive officer owned 622,712 shares in the company, valued at $137,557,080.80. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company’s stock.

Cintas Trading Down 0.8%

Shares of CTAS stock opened at $190.83 on Friday. The firm has a market cap of $76.69 billion, a P/E ratio of 43.27, a PEG ratio of 3.32 and a beta of 1.01. Cintas Corporation has a 1-year low of $180.78 and a 1-year high of $229.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The firm’s 50-day simple moving average is $201.72 and its 200-day simple moving average is $212.28.

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, topping the consensus estimate of $1.19 by $0.01. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

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

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of recent research reports. UBS Group upped their target price on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. Citigroup upped their target price on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. Morgan Stanley upped their target price on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Royal Bank Of Canada reduced their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. Finally, 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 report on Thursday, September 25th. One 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $222.09.

Cintas Company 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.