Great Lakes Advisors LLC Has $4.35 Million Stock Holdings in Cintas Corporation $CTAS

Great Lakes Advisors LLC trimmed its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 21.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,145 shares of the business services provider’s stock after selling 5,789 shares during the period. Great Lakes Advisors LLC’s holdings in Cintas were worth $4,346,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. WPG Advisers LLC acquired a new stake in Cintas in the 1st quarter valued at about $27,000. Saudi Central Bank acquired a new stake in Cintas in the 1st quarter valued at about $29,000. Stone House Investment Management LLC acquired a new stake in Cintas in the 1st quarter valued at about $41,000. Resources Management Corp CT ADV acquired a new stake in Cintas in the 1st quarter valued at about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in Cintas by 646.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 181 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTAS has been the subject of several recent analyst reports. Robert W. Baird raised their target price 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. UBS Group raised their target price on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Morgan Stanley increased their price target 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. Wells Fargo & Company raised shares of Cintas from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. Finally, The Goldman Sachs Group increased their price target on shares of Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. One 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $224.54.

Cintas Stock Down 0.4%

Cintas stock opened at $202.07 on Wednesday. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The company’s 50-day moving average price is $216.93 and its two-hundred day moving average price is $212.89. The stock has a market cap of $81.43 billion, a P/E ratio of 45.82, a P/E/G ratio of 3.50 and a beta of 1.01. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The company had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same period last year, the firm earned $3.99 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.45 per share. This is a boost from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. Cintas’s payout ratio is 40.82%.

Insider Transactions at Cintas

In other news, 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 transaction, the chief executive officer directly owned 622,712 shares of the company’s stock, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Martin Mucci bought 1,200 shares of the stock in a transaction dated Monday, July 21st. The shares were acquired at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. Insiders own 15.00% of the company’s stock.

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.