Cintas Corporation $CTAS Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. cut its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 8.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,459 shares of the business services provider’s stock after selling 3,324 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Cintas were worth $6,201,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CTAS. One Capital Management LLC lifted its position in Cintas by 0.9% in the 4th quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock worth $1,159,000 after buying an additional 53 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Cintas by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock valued at $1,236,000 after purchasing an additional 58 shares in the last quarter. Sachetta LLC raised its holdings in shares of Cintas by 46.0% during the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 63 shares in the last quarter. Ausdal Financial Partners Inc. increased its holdings in shares of Cintas by 2.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock valued at $510,000 after acquiring an additional 63 shares during the last quarter. Finally, Elyxium Wealth LLC raised its stake in shares of Cintas by 4.9% in the 4th quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider’s stock valued at $257,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of research analyst reports. Bank of America raised Cintas from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $230.00 in a report on Thursday, July 16th. UBS Group reiterated a “buy” rating and set a $230.00 target price (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Robert W. Baird boosted their price target on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Truist Financial reduced their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Monday, June 15th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $231.00 target price on shares of Cintas in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $212.31.

Cintas Stock Down 1.2%

NASDAQ CTAS opened at $198.09 on Thursday. The stock has a market capitalization of $79.27 billion, a P/E ratio of 52.97, a price-to-earnings-growth ratio of 3.24 and a beta of 0.92. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The stock has a fifty day moving average of $196.26 and a 200-day moving average of $185.48.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, equities research analysts forecast that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a $0.52 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio is 55.61%.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.