Nicholson Wealth Management Group LLC Buys 635 Shares of Cintas Corporation $CTAS

Nicholson Wealth Management Group LLC increased its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 11.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,423 shares of the business services provider’s stock after acquiring an additional 635 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in Cintas were worth $1,431,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Cintas by 1.3% during the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock valued at $7,781,223,000 after purchasing an additional 491,307 shares during the last quarter. Nuveen LLC bought a new stake in shares of Cintas during the first quarter valued at approximately $1,877,760,000. Northern Trust Corp grew its stake in shares of Cintas by 0.7% during the first quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider’s stock valued at $841,749,000 after purchasing an additional 28,469 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Cintas by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider’s stock valued at $591,373,000 after purchasing an additional 59,162 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Cintas by 17.4% during the first quarter. Ameriprise Financial Inc. now owns 2,615,330 shares of the business services provider’s stock valued at $538,303,000 after purchasing an additional 386,721 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup lifted their target price on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. Wells Fargo & Company lowered their target price on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Robert W. Baird lifted their target price on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. JPMorgan Chase & Co. lowered their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $222.09.

Insider Transactions at Cintas

In related 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 sale, the chief executive officer directly owned 622,712 shares of the company’s stock, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Martin Mucci acquired 1,200 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the transaction, the director directly owned 2,621 shares in the company, valued at $583,303.55. This represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Insiders own 14.90% of the company’s stock.

Cintas Trading Up 2.0%

Shares of NASDAQ CTAS opened at $188.10 on Friday. The company’s fifty day moving average is $204.61 and its 200-day moving average is $212.41. The stock has a market cap of $75.59 billion, a price-to-earnings ratio of 42.65, a P/E/G ratio of 3.19 and a beta of 1.01. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51.

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

Cintas Increases Dividend

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

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.