Yousif Capital Management LLC Reduces Holdings in Cintas Corporation $CTAS

Yousif Capital Management LLC decreased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 4.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 86,614 shares of the business services provider’s stock after selling 3,751 shares during the quarter. Yousif Capital Management LLC’s holdings in Cintas were worth $19,304,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. WPG Advisers LLC purchased a new position in shares of Cintas during the first quarter worth about $27,000. Saudi Central Bank acquired a new stake in shares of Cintas during the first quarter worth about $29,000. Stone House Investment Management LLC acquired a new stake in shares of Cintas during the first quarter worth about $41,000. Resources Management Corp CT ADV acquired a new stake in shares of Cintas during the first quarter worth about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Cintas by 646.4% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock worth $43,000 after buying an additional 181 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Insider Buying and Selling at Cintas

In other Cintas news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction dated 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 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 filing with the SEC, which is accessible through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction dated Wednesday, July 30th. The shares were 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by corporate insiders.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $187.96 on Monday. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The company has a market cap of $75.54 billion, a P/E ratio of 42.62, a PEG ratio of 3.25 and a beta of 1.01. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The company has a 50-day moving average price of $208.33 and a 200 day moving average price of $213.14.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data 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 net margin of 17.54% and a return on equity of 40.41%. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. 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 business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. This is a boost from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. Cintas’s dividend payout ratio is 40.82%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CTAS shares. Wells Fargo & Company decreased their target price on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Royal Bank Of Canada decreased their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research note on Thursday, September 25th. Morgan Stanley increased their target price on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. JPMorgan Chase & Co. decreased their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Robert W. Baird raised their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $222.09.

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.