Cintas Corporation $CTAS Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its position in shares of Cintas Corporation (NASDAQ:CTAS) by 11.5% during the second quarter, Holdings Channel reports. The firm owned 94,314 shares of the business services provider’s stock after selling 12,278 shares during the quarter. Vontobel Holding Ltd.’s holdings in Cintas were worth $21,020,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in Cintas in the 1st quarter valued at about $27,000. Saudi Central Bank acquired a new position in Cintas in the 1st quarter valued at about $29,000. Stone House Investment Management LLC acquired a new position in Cintas in the 1st quarter valued at about $41,000. Resources Management Corp CT ADV acquired a new position in Cintas in the 1st quarter valued at about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in Cintas by 646.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 181 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Insider Transactions at Cintas

In related news, CEO Todd M. Schneider sold 17,301 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 622,712 shares of the company’s stock, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Martin Mucci bought 1,200 shares of Cintas stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the purchase, the director owned 2,621 shares in the company, valued at $583,303.55. This represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 14.90% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $191.75 on Friday. The business’s 50 day simple moving average is $209.00 and its 200-day simple moving average is $213.08. The firm has a market capitalization of $77.27 billion, a price-to-earnings ratio of 43.48, a price-to-earnings-growth ratio of 3.43 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. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, equities analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal 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 dividend of $0.45 per share. This is a positive change from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s dividend payout ratio is presently 40.82%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CTAS shares. Robert W. Baird boosted their price target on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. The Goldman Sachs Group lifted their price objective on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. UBS Group lifted their price objective on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. Royal Bank Of Canada lowered their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. Finally, Morgan Stanley lifted their price objective on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.