USA Financial Formulas Sells 1,122 Shares of Cintas Corporation $CTAS

USA Financial Formulas lessened its position in Cintas Corporation (NASDAQ:CTAS) by 55.2% during the second quarter, Holdings Channel.com reports. The fund owned 912 shares of the business services provider’s stock after selling 1,122 shares during the period. USA Financial Formulas’ holdings in Cintas were worth $203,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Cintas by 3.9% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 47 shares in the last quarter. Oarsman Capital Inc. boosted its stake in shares of Cintas by 3.9% during the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 49 shares in the last quarter. Independent Wealth Network Inc. boosted its stake in shares of Cintas by 4.8% during the 2nd quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 49 shares in the last quarter. Truvestments Capital LLC boosted its stake in shares of Cintas by 17.4% during the 1st quarter. Truvestments Capital LLC now owns 338 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 50 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in shares of Cintas by 4.1% during the 1st quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Down 0.4%

Shares of Cintas stock opened at $202.91 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The stock has a market capitalization of $81.77 billion, a PE 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 50-day simple moving average of $211.42 and a two-hundred day simple moving average of $212.93.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CTAS shares. Morgan Stanley lifted their target price on shares of 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 boosted their price objective on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Citigroup boosted their price objective on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research note on Friday, September 26th. Royal Bank Of Canada dropped their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $222.09.

Insider Activity

In related news, Director Martin Mucci acquired 1,200 shares of the firm’s stock in a transaction dated Monday, July 21st. The stock was purchased at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the acquisition, the director directly owned 2,621 shares of the company’s stock, valued at approximately $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the business’s stock in a transaction that occurred 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 $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is owned by corporate 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.