NatWest Group plc Sells 13,893 Shares of Cintas Corporation $CTAS

NatWest Group plc trimmed its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 20.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,717 shares of the business services provider’s stock after selling 13,893 shares during the quarter. Cintas makes up 3.5% of NatWest Group plc’s investment portfolio, making the stock its 14th largest position. NatWest Group plc’s holdings in Cintas were worth $11,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CTAS. Brighton Jones LLC lifted its holdings in Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after buying an additional 108 shares during the period. Spire Wealth Management raised its stake in Cintas by 14.1% during the first quarter. Spire Wealth Management now owns 9,697 shares of the business services provider’s stock valued at $1,993,000 after buying an additional 1,198 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Cintas during the first quarter valued at $108,000. Robeco Institutional Asset Management B.V. raised its stake in Cintas by 15.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 291,521 shares of the business services provider’s stock valued at $59,916,000 after buying an additional 39,334 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Cintas by 48.6% during the first quarter. Sequoia Financial Advisors LLC now owns 10,928 shares of the business services provider’s stock valued at $2,246,000 after buying an additional 3,575 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of CTAS opened at $190.83 on Friday. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The company has a market capitalization of $76.69 billion, a P/E ratio of 43.27, a P/E/G ratio of 3.32 and a beta of 1.01. The business’s 50-day moving average is $201.72 and its two-hundred day moving average is $212.28.

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

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, August 15th. This is a positive change from Cintas’s previous quarterly dividend of $0.39. Cintas’s payout ratio is presently 40.82%.

Analyst Ratings Changes

CTAS has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a report on Thursday, September 25th. Robert W. Baird boosted their target price on Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. The Goldman Sachs Group upped their price objective on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a research note on Friday. Finally, UBS Group upped their target price on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $222.09.

Insider Buying and Selling

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $220.90, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the business’s 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 completion of the transaction, the director owned 21,945 shares of the company’s stock, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.90% 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.