Cintas Corporation $CTAS Shares Sold by Freedom Day Solutions LLC

Freedom Day Solutions LLC cut its position in shares of Cintas Corporation (NASDAQ:CTAS) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,616 shares of the business services provider’s stock after selling 1,296 shares during the period. Cintas accounts for 1.1% of Freedom Day Solutions LLC’s holdings, making the stock its 13th biggest position. Freedom Day Solutions LLC’s holdings in Cintas were worth $4,372,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CTAS. Brighton Jones LLC boosted its holdings in Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after buying an additional 108 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Cintas by 11.1% during the first quarter. Farther Finance Advisors LLC now owns 7,031 shares of the business services provider’s stock worth $1,462,000 after buying an additional 701 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Cintas by 5.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 7,827 shares of the business services provider’s stock worth $1,609,000 after buying an additional 382 shares in the last quarter. Sanibel Captiva Trust Company Inc. boosted its holdings in Cintas by 107.9% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 3,700 shares of the business services provider’s stock worth $760,000 after buying an additional 1,920 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its holdings in Cintas by 84.7% during the first quarter. Simon Quick Advisors LLC now owns 2,240 shares of the business services provider’s stock worth $460,000 after buying an additional 1,027 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cintas

In related news, Director Ronald W. Tysoe sold 5,084 shares of the firm’s 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 sale, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martin Mucci acquired 1,200 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were purchased at an average price of $222.55 per share, with a total value of $267,060.00. Following the completion of the transaction, the director owned 2,621 shares of the company’s stock, valued at $583,303.55. The trade was a 84.45% increase in their position. The disclosure for this purchase can be found here. Insiders own 14.90% of the company’s stock.

Analyst Ratings Changes

CTAS has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. The Goldman Sachs Group increased their price objective on shares of Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, Royal Bank Of Canada decreased their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Cintas has an average rating of “Hold” and an average price target of $222.09.

Cintas Stock Performance

NASDAQ:CTAS opened at $191.75 on Friday. The company’s 50-day moving average price is $209.00 and its 200-day moving average price is $213.08. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The company has a market cap of $77.27 billion, a P/E ratio of 43.48, a P/E/G ratio of 3.43 and a beta of 1.01. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate 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 net margin of 17.54% and a return on equity of 40.41%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, sell-side analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The firm 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. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Cintas’s payout ratio is 40.82%.

About Cintas

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.