Cintas Corporation $CTAS Stock: Fort Washington Investment Advisors Inc. OH Trims Position

Fort Washington Investment Advisors Inc. OH decreased its stake in Cintas Corporation (NASDAQ:CTAS) by 2.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,167,137 shares of the business services provider’s stock after selling 85,350 shares during the period. Cintas accounts for 4.0% of Fort Washington Investment Advisors Inc. OH’s portfolio, making the stock its 4th biggest position. Fort Washington Investment Advisors Inc. OH’s holdings in Cintas were worth $812,842,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. First United Bank & Trust acquired a new stake in Cintas during the 1st quarter worth $25,000. Whipplewood Advisors LLC lifted its position in Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 137 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Cintas in the second quarter valued at $27,000. Archer Investment Corp acquired a new stake in shares of Cintas during the first quarter worth about $32,000. Finally, Highland Investment Advisors LLC purchased a new stake in shares of Cintas in the 2nd quarter valued at about $32,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $208.63 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29. The company has a market cap of $82.84 billion, a PE ratio of 41.15, a P/E/G ratio of 3.28 and a beta of 0.92. The stock has a fifty day moving average price of $200.56 and a 200 day moving average price of $186.72. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $219.16.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. Cintas’s quarterly revenue was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Sell-side analysts forecast that Cintas Corporation will post 5.52 EPS for the current year.

Cintas Increases Dividend

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

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of research reports. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research note on Thursday, September 24th. Bank of America upgraded 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 note on Thursday, July 16th. Weiss Ratings raised shares of Cintas from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Robert W. Baird set a $222.00 price target on shares of Cintas and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Finally, Jefferies Financial Group raised their price objective on shares of Cintas from $200.00 to $210.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Cintas presently has an average rating of “Moderate Buy” and a consensus target price of $218.50.

Cintas Company Profile

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.