Lecap Asset Management Ltd. Sells 7,755 Shares of Cintas Corporation $CTAS

Lecap Asset Management Ltd. lowered its stake in Cintas Corporation (NASDAQ:CTAS) by 69.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,490 shares of the business services provider’s stock after selling 7,755 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Cintas were worth $778,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Crestwood Advisors Group LLC bought a new position in Cintas in the 1st quarter valued at approximately $270,000. Pinnacle Financial Partners Inc raised its holdings in Cintas by 3.8% in the 1st quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider’s stock valued at $12,327,000 after buying an additional 2,191 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in Cintas by 51.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider’s stock valued at $2,049,000 after buying an additional 3,404 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Cintas by 25.5% in the 1st quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock valued at $162,615,000 after buying an additional 160,820 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in Cintas by 1.0% in the 1st quarter. Fifth Third Bancorp now owns 605,222 shares of the business services provider’s stock valued at $124,391,000 after buying an additional 5,784 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Insider Transactions at Cintas

In related news, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction on Monday, July 28th. The shares were sold at an average price of $220.90, for a total value of $3,821,790.90. Following the completion of the sale, the chief executive officer owned 622,712 shares of the company’s stock, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas 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 completion of the sale, the director directly owned 21,945 shares of the company’s stock, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their position. The disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.

Cintas Stock Performance

Shares of CTAS stock opened at $202.91 on Friday. The company has a market cap of $81.77 billion, a price-to-earnings ratio of 46.01, a price-to-earnings-growth ratio of 3.52 and a beta of 1.01. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $211.42 and a 200-day moving average of $212.93.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data 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 company had revenue of $2.72 billion during 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm 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 business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given 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 payout ratio is 40.82%.

Analysts Set New Price Targets

CTAS has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Morgan Stanley raised their price target on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Citigroup raised 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. UBS Group raised their price target on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Finally, Royal Bank Of Canada lowered their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.