Prime Capital Investment Advisors LLC Cuts Stock Position in Cintas Corporation $CTAS

Prime Capital Investment Advisors LLC cut its holdings in Cintas Corporation (NASDAQ:CTAS) by 6.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,052 shares of the business services provider’s stock after selling 718 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Cintas were worth $2,463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of Cintas in the first quarter valued at approximately $27,000. Saudi Central Bank acquired a new stake in shares of Cintas in the first quarter worth approximately $29,000. Stone House Investment Management LLC acquired a new stake in shares of Cintas in the first quarter worth approximately $41,000. Resources Management Corp CT ADV acquired a new stake in shares of Cintas in the first quarter worth approximately $41,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Cintas by 646.4% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock worth $43,000 after acquiring an additional 181 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the firm’s stock in a transaction dated Monday, July 21st. The shares were acquired at an average price of $222.55 per share, with a total value of $267,060.00. Following the purchase, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the company’s 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 transaction, the chief executive officer directly owned 622,712 shares in the company, valued at approximately $137,557,080.80. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company’s stock.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of research analyst reports. UBS Group lifted their price target on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. JPMorgan Chase & Co. lowered their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Morgan Stanley lifted their price target on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. The Goldman Sachs Group lifted their price target on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, Royal Bank Of Canada lowered their price target on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $222.09.

Cintas Stock Performance

NASDAQ CTAS opened at $199.17 on Wednesday. The stock’s fifty day moving average is $210.10 and its two-hundred day moving average is $213.19. The firm has a market capitalization of $80.26 billion, a P/E ratio of 45.16, a price-to-earnings-growth ratio of 3.44 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, research analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current 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 a boost 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 currently 40.82%.

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.