Mainsail Asset Management LLC Has $23.52 Million Holdings in Cintas Corporation $CTAS

Mainsail Asset Management LLC lowered its position in Cintas Corporation (NASDAQ:CTAS) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 105,521 shares of the business services provider’s stock after selling 2,323 shares during the period. Cintas accounts for about 14.5% of Mainsail Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Mainsail Asset Management LLC’s holdings in Cintas were worth $23,517,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC increased its position in Cintas by 3.9% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock valued at $258,000 after buying an additional 47 shares in the last quarter. Oarsman Capital Inc. increased its position in Cintas by 3.9% during the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock valued at $272,000 after buying an additional 49 shares in the last quarter. Independent Wealth Network Inc. increased its position in Cintas by 4.8% during the 2nd quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock valued at $240,000 after buying an additional 49 shares in the last quarter. Truvestments Capital LLC increased its position in 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 buying an additional 50 shares in the last quarter. Finally, Kathmere Capital Management LLC increased its position in Cintas by 4.1% during the 1st quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider’s stock valued at $266,000 after buying an additional 51 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 21,945 shares in the company, valued at $4,904,049.15. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Todd M. Schneider sold 17,301 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was 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 owned 622,712 shares in the company, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CTAS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a research report on Saturday, September 27th. Morgan Stanley raised their price objective on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Wells Fargo & Company cut their target price on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. JPMorgan Chase & Co. cut their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Finally, Citigroup increased their target price on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $222.09.

Cintas Stock Performance

CTAS stock opened at $199.17 on Wednesday. The company has a market cap of $80.26 billion, a P/E ratio of 45.16, a price-to-earnings-growth ratio of 3.44 and a beta of 1.01. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. 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 stock’s fifty day moving average price is $210.10 and its 200-day moving average price is $213.19.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. 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 earnings per share 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 paid a $0.45 dividend. This is an increase from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) 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.