13,757 Cintas Corporation $CTAS Shares Sold by Gradient Investments LLC

Gradient Investments LLC trimmed its position in shares of Cintas Corporation (NASDAQ:CTAS) by 10.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,008 shares of the business services provider’s stock after selling 13,757 shares during the period. Gradient Investments LLC’s holdings in Cintas were worth $22,043,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC grew its position in Cintas by 89.7% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 5,933 shares of the business services provider’s stock valued at $1,157,000 after acquiring an additional 2,805 shares during the last quarter. Plan A Wealth LLC boosted its stake in shares of Cintas by 8.1% during the third quarter. Plan A Wealth LLC now owns 1,375 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 103 shares during the period. Toth Financial Advisory Corp grew its holdings in shares of Cintas by 85.8% in the third quarter. Toth Financial Advisory Corp now owns 4,830 shares of the business services provider’s stock worth $940,000 after purchasing an additional 2,231 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of Cintas by 70.6% in the third quarter. Elevation Wealth Partners LLC now owns 389 shares of the business services provider’s stock worth $76,000 after purchasing an additional 161 shares during the last quarter. Finally, North Point Portfolio Managers Corp OH purchased a new position in Cintas in the 3rd quarter worth about $56,000. Institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CTAS shares. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $200.00 to $230.00 in a research report on Thursday, July 16th. Citigroup lifted their price target on shares of Cintas from $180.00 to $181.00 and gave the company a “sell” rating in a research note on Wednesday, September 30th. UBS Group reissued a “buy” rating and issued a $235.00 price objective (up from $230.00) on shares of Cintas in a research note on Thursday, September 24th. Sanford C. Bernstein restated a “market perform” rating on shares of Cintas in a report on Thursday, September 10th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Cintas presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.08.

Cintas Stock Up 1.5%

Cintas stock traded up $3.01 during mid-day trading on Thursday, reaching $200.20. 358,582 shares of the company were exchanged, compared to its average volume of 2,125,156. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45. The firm has a market cap of $80.22 billion, a P/E ratio of 39.52, a PEG ratio of 3.11 and a beta of 0.92. The business has a fifty day moving average of $200.50 and a 200 day moving average of $185.74. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $219.16.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%.The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the business posted $1.20 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Research analysts anticipate that Cintas Corporation will post 5.52 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 14th. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s payout ratio is presently 41.03%.

About Cintas

Cintas Corporation (NASDAQ: CTAS) provides workplace services to businesses and organizations across North America. The company’s primary business is uniform rental and facility services, including the design, rental, cleaning and delivery of uniforms, work apparel and related garments.

Its offerings also include restroom and hygiene services, floor-care products, mats, towels, and other facility supplies. Through its First Aid & Safety segment, Cintas provides first-aid products, safety equipment and training.