Cintas Corporation $CTAS Shares Sold by Marshall Financial Group LLC

by · The Cerbat Gem

Marshall Financial Group LLC lessened its stake in shares of Cintas Corporation (NASDAQ:CTAS – Free Report) by 17.1% in the 2nd quarter, Holdings Channel reports. The firm owned 6,465 shares of the business services provider’s stock after selling 1,331 shares during the period. Marshall Financial Group LLC’s holdings in Cintas were worth $1,406,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Cintas by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock valued at $7,781,223,000 after acquiring an additional 491,307 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Cintas in the 1st quarter valued at approximately $1,877,760,000. Northern Trust Corp grew its stake in shares of Cintas by 0.7% in the 1st quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider’s stock valued at $841,749,000 after buying an additional 28,469 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Cintas by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider’s stock valued at $591,373,000 after buying an additional 59,162 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Cintas by 11.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,818,147 shares of the business services provider’s stock valued at $514,875,000 after buying an additional 295,226 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 21,945 shares of the company’s stock, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Martin Mucci acquired 1,200 shares of the stock in a transaction 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 transaction, the director directly owned 2,621 shares in the company, valued at $583,303.55. The trade was a 84.45% increase in their position. The disclosure for this purchase can be found here. 15.00% of the stock is owned by company insiders.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $199.98 on Thursday. The company’s fifty day moving average price is $215.02 and its 200 day moving average price is $212.68. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. The firm has a market capitalization of $80.59 billion, a P/E ratio of 45.35, a P/E/G ratio of 3.44 and a beta of 1.01.

Cintas (NASDAQ:CTAS – Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period last year, the business earned $3.99 EPS. Cintas’s revenue for the quarter was up 8.0% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, sell-side analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors 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 yield of 0.9%. This is an increase from Cintas’s previous quarterly dividend of $0.39. Cintas’s dividend payout ratio (DPR) is 40.82%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CTAS. Robert W. Baird increased their price target on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. UBS Group increased 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. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $240.00 price objective on shares of Cintas in a research report on Thursday, August 21st. Wells Fargo & Company raised shares of Cintas from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $196.00 to $221.00 in a research report on Tuesday, July 1st. Finally, The Goldman Sachs Group increased their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $224.54.

View Our Latest Research Report on Cintas

About Cintas

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Corporation (NASDAQ:CTAS – Free Report).