Cintas Corporation $CTAS Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. reduced its position in shares of Cintas Corporation (NASDAQ:CTAS) by 6.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,205 shares of the business services provider’s stock after selling 8,122 shares during the period. Cintas accounts for about 1.3% of Logan Capital Management Inc.’s investment portfolio, making the stock its 13th largest position. Logan Capital Management Inc.’s holdings in Cintas were worth $27,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. WPG Advisers LLC acquired a new stake in Cintas during the first quarter worth approximately $27,000. Saudi Central Bank purchased a new position in shares of Cintas during the 1st quarter worth $29,000. Stone House Investment Management LLC acquired a new position in Cintas in the first quarter valued at $41,000. Resources Management Corp CT ADV acquired a new position in Cintas in the first quarter valued at $41,000. Finally, Washington Trust Advisors Inc. purchased a new position in Cintas during the first quarter worth about $46,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on CTAS shares. The Goldman Sachs Group lifted their price target on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Royal Bank Of Canada cut their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. Citigroup boosted their target price on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. Wells Fargo & Company dropped their price target on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Finally, UBS Group increased their price target 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. One equities 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $222.09.

Insiders Place Their Bets

In related news, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the sale, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.90% of the company’s stock.

Cintas Stock Down 1.1%

CTAS opened at $188.68 on Tuesday. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The firm has a 50 day moving average price of $201.21 and a 200 day moving average price of $212.38. 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 company has a market cap of $75.82 billion, a PE ratio of 42.78, a price-to-earnings-growth ratio of 3.30 and a beta of 1.01.

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

About Cintas

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.