Cintas Corporation $CTAS Shares Sold by Eads & Heald Wealth Management

Eads & Heald Wealth Management lowered its stake in Cintas Corporation (NASDAQ:CTAS) by 5.6% during the second quarter, HoldingsChannel reports. The firm owned 8,683 shares of the business services provider’s stock after selling 512 shares during the period. Eads & Heald Wealth Management’s holdings in Cintas were worth $1,935,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after buying an additional 108 shares during the period. RFG Advisory LLC purchased a new position in shares of Cintas during the 1st quarter valued at $239,000. Signal Advisors Wealth LLC lifted its holdings in shares of Cintas by 9.7% during the 1st quarter. Signal Advisors Wealth LLC now owns 1,768 shares of the business services provider’s stock valued at $363,000 after buying an additional 156 shares during the last quarter. Impact Capital Partners LLC boosted its holdings in Cintas by 6.4% in the first quarter. Impact Capital Partners LLC now owns 1,701 shares of the business services provider’s stock worth $350,000 after purchasing an additional 102 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in Cintas during the first quarter worth $208,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Trading Down 0.1%

Shares of NASDAQ:CTAS opened at $202.61 on Monday. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The stock has a market capitalization of $81.65 billion, a PE ratio of 45.94, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The company’s 50-day moving average price is $211.00 and its two-hundred day moving average price is $213.24.

Cintas (NASDAQ:CTAS) last announced its quarterly 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 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 analysts’ expectations of $2.70 billion. During the same quarter last year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. This is an increase from Cintas’s previous quarterly dividend of $0.39. Cintas’s dividend payout ratio is presently 40.82%.

Insider Buying and Selling

In related news, CEO Todd M. Schneider sold 17,301 shares of the company’s 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 transaction, the chief executive officer owned 622,712 shares in the company, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 in the company, valued at approximately $4,904,049.15. This 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 owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CTAS shares. JPMorgan Chase & Co. lowered their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Morgan Stanley boosted their price objective 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. Robert W. Baird upped their price target on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. The Goldman Sachs Group lifted their price objective on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a research report on Saturday, September 27th. One 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. Based on data from MarketBeat.com, Cintas has a consensus rating of “Hold” and a consensus target price of $222.09.

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.