Carderock Capital Management Inc. Sells 1,427 Shares of Cintas Corporation $CTAS

Carderock Capital Management Inc. decreased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 2.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 50,954 shares of the business services provider’s stock after selling 1,427 shares during the quarter. Cintas makes up approximately 2.8% of Carderock Capital Management Inc.’s portfolio, making the stock its 5th largest holding. Carderock Capital Management Inc.’s holdings in Cintas were worth $10,473,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of Cintas in the 1st quarter valued at about $27,000. Saudi Central Bank acquired a new stake in shares of Cintas in the first quarter valued at approximately $29,000. Stone House Investment Management LLC acquired a new position in shares of Cintas in the 1st quarter valued at $41,000. Resources Management Corp CT ADV purchased a new stake in Cintas in the 1st quarter valued at $41,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position 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. Institutional investors and hedge funds own 63.46% of the company’s stock.

Insider Activity at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the 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 sale, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd M. Schneider sold 17,301 shares of the business’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 directly owned 622,712 shares of the company’s stock, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CTAS shares. Wells Fargo & Company raised shares of Cintas from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $196.00 to $221.00 in a research report on Tuesday, July 1st. UBS Group boosted their price target on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. started coverage on Cintas in a research report on Monday, July 14th. They set an “overweight” rating and a $239.00 price objective for the company. Robert W. Baird lifted their target price on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Finally, The Goldman Sachs Group upped their price target on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $224.54.

Cintas Stock Down 0.3%

CTAS opened at $201.40 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The stock has a market capitalization of $81.16 billion, a P/E ratio of 45.67, a P/E/G ratio of 3.48 and a beta of 1.01. The business has a 50 day simple moving average of $216.65 and a 200-day simple moving average of $212.81.

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

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be given a $0.45 dividend. This is an increase from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 15th. Cintas’s dividend payout ratio (DPR) is 40.82%.

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.