Tranquility Partners LLC Sells 162 Shares of Cintas Corporation $CTAS

Tranquility Partners LLC lowered its position in Cintas Corporation (NASDAQ:CTAS) by 6.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,175 shares of the business services provider’s stock after selling 162 shares during the period. Tranquility Partners LLC’s holdings in Cintas were worth $485,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC increased its stake in Cintas by 22.7% in the second quarter. Concurrent Investment Advisors LLC now owns 16,191 shares of the business services provider’s stock valued at $3,608,000 after acquiring an additional 2,994 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in Cintas by 0.9% in the second quarter. Johnson Investment Counsel Inc. now owns 147,412 shares of the business services provider’s stock valued at $32,854,000 after acquiring an additional 1,359 shares during the last quarter. Inspire Investing LLC increased its stake in Cintas by 9.7% in the second quarter. Inspire Investing LLC now owns 40,234 shares of the business services provider’s stock valued at $8,967,000 after acquiring an additional 3,547 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new position in Cintas in the second quarter valued at $222,000. Finally, Aberdeen Group plc increased its stake in Cintas by 8.3% in the second quarter. Aberdeen Group plc now owns 277,960 shares of the business services provider’s stock valued at $61,949,000 after acquiring an additional 21,357 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ CTAS opened at $187.96 on Friday. The company has a 50-day simple moving average of $208.33 and a two-hundred day simple moving average of $213.10. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The firm has a market cap of $75.53 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 3.25 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. 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 EPS for the current year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a dividend of $0.45 per share. This is an increase from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 15th. Cintas’s dividend payout ratio (DPR) is currently 40.82%.

Analyst Ratings Changes

A number of research firms recently commented on CTAS. The Goldman Sachs Group increased their target price on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Morgan Stanley increased their target price on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. UBS Group increased their target price on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a research report on Wednesday. Finally, Royal Bank Of Canada cut their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $222.09.

Insider Transactions at Cintas

In other news, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the sale, the chief executive officer directly owned 622,712 shares in the company, valued at approximately $137,557,080.80. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Martin Mucci bought 1,200 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were purchased at an average price of $222.55 per share, with a total value of $267,060.00. Following the completion of the acquisition, the director owned 2,621 shares of the company’s stock, valued at $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. 14.90% of the stock is currently owned by company insiders.

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.