Cintas Corporation $CTAS Stake Cut by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. decreased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,677 shares of the business services provider’s stock after selling 183 shares during the period. Cintas comprises about 0.8% of Penobscot Investment Management Company Inc.’s portfolio, making the stock its 28th largest holding. Penobscot Investment Management Company Inc.’s holdings in Cintas were worth $9,734,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Pinnacle Wealth Management Advisory Group LLC increased its holdings in Cintas by 3.9% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock worth $258,000 after buying an additional 47 shares during the last quarter. Oarsman Capital Inc. grew its position in Cintas by 3.9% in the first quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock worth $272,000 after acquiring an additional 49 shares in the last quarter. Independent Wealth Network Inc. increased its stake in shares of Cintas by 4.8% during the 2nd quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock worth $240,000 after purchasing an additional 49 shares during the last quarter. Truvestments Capital LLC raised its holdings in shares of Cintas by 17.4% during the 1st quarter. Truvestments Capital LLC now owns 338 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 50 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in shares of Cintas by 4.1% in the 1st quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 51 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on CTAS shares. Wells Fargo & Company lowered their target price on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. The Goldman Sachs Group raised their price objective on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Robert W. Baird upped 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. UBS Group increased their price target on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. Finally, Royal Bank Of Canada reduced their price objective 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Cintas presently has a consensus rating of “Hold” and an average price target of $222.09.

Insider Activity

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the transaction, the director owned 21,945 shares of the company’s stock, valued at $4,904,049.15. This represents a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Martin Mucci acquired 1,200 shares of Cintas stock in a transaction on Monday, July 21st. The stock was purchased at an average price of $222.55 per share, with a total value of $267,060.00. Following the transaction, the director directly owned 2,621 shares in the company, 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. 14.90% of the stock is owned by company insiders.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $202.61 on Friday. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The company has a market cap of $81.65 billion, a P/E ratio of 45.94, a P/E/G ratio of 3.50 and a beta of 1.01. The business’s 50 day moving average is $211.00 and its two-hundred day moving average is $212.99. 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 data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the company posted $1.10 earnings per share. Cintas’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. On average, equities analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend 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%.

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.