Cabot Wealth Management Inc. Has $15.93 Million Position in Cintas Corporation $CTAS

Cabot Wealth Management Inc. reduced its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,484 shares of the business services provider’s stock after selling 304 shares during the period. Cintas comprises about 1.9% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 17th biggest position. Cabot Wealth Management Inc.’s holdings in Cintas were worth $15,932,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CTAS. WPG Advisers LLC bought a new position in Cintas during the 1st quarter valued at about $27,000. Saudi Central Bank bought a new position in Cintas during the 1st quarter valued at about $29,000. Stone House Investment Management LLC bought a new position in Cintas during the 1st quarter valued at about $41,000. Resources Management Corp CT ADV bought a new position in Cintas during the 1st quarter valued at about $41,000. Finally, Washington Trust Advisors Inc. bought a new position in Cintas during the 1st quarter valued at about $46,000. 63.46% of the stock is owned by institutional investors.

Insider Activity at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the company’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 value of $1,136,121.48. Following the completion of the sale, the director owned 21,945 shares of the company’s stock, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd M. Schneider sold 17,301 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $137,557,080.80. The trade was 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.

Cintas Trading Down 0.8%

Shares of NASDAQ CTAS opened at $190.83 on Friday. The company’s 50 day simple moving average is $201.72 and its 200 day simple moving average is $212.43. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The firm has a market capitalization of $76.69 billion, a P/E ratio of 43.27, a P/E/G ratio of 3.30 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the business 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. On average, analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were issued a $0.45 dividend. This is an increase from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, August 15th. Cintas’s dividend payout ratio (DPR) is currently 40.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. 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 report on Thursday, September 25th. Citigroup boosted their target price 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. UBS Group boosted their target price 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. Wells Fargo & Company dropped their target price on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, Robert W. Baird boosted their target price on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $222.09.

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.