Cyndeo Wealth Partners LLC Sells 101 Shares of Cintas Corporation $CTAS

Cyndeo Wealth Partners LLC lessened its position in shares of Cintas Corporation (NASDAQ:CTAS) by 1.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,590 shares of the business services provider’s stock after selling 101 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Cintas were worth $1,246,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CTAS. Nuveen LLC bought a new position in Cintas during the first quarter worth $1,877,760,000. Voya Investment Management LLC raised its stake in Cintas by 516.8% during the first quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock worth $175,529,000 after buying an additional 715,570 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Cintas by 169.7% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider’s stock worth $187,235,000 after buying an additional 573,151 shares during the last quarter. Vanguard Group Inc. raised its stake in Cintas by 1.3% during the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock worth $7,781,223,000 after buying an additional 491,307 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Cintas by 163.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider’s stock valued at $171,132,000 after purchasing an additional 476,336 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Down 2.0%

Shares of NASDAQ CTAS opened at $187.96 on Friday. The stock has a market capitalization of $75.54 billion, a P/E ratio of 42.62, a P/E/G ratio of 3.31 and a beta of 1.01. The company has a 50-day moving average price of $208.33 and a 200-day moving average price of $213.04. 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.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the company earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities research analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. This is a boost from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. Cintas’s dividend payout ratio is presently 40.82%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CTAS. UBS Group lifted their price target on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. The Goldman Sachs Group lifted their price target on shares of Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. decreased their price target on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Wells Fargo & Company decreased their price target on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a research note on Wednesday. One investment 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $222.09.

Insider Buying and Selling

In other news, Director Martin Mucci purchased 1,200 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were acquired at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the acquisition, the director owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The acquisition was disclosed in a legal 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 dated Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction 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 trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is owned by corporate insiders.

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.