Cintas Corporation $CTAS Stock: Vest Financial LLC Lowers Stake

Vest Financial LLC lowered its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 11.7% during the third quarter, HoldingsChannel reports. The firm owned 243,362 shares of the business services provider’s stock after selling 32,132 shares during the quarter. Vest Financial LLC’s holdings in Cintas were worth $47,470,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. William Allan Corp lifted its holdings in shares of Cintas by 0.5% during the 3rd quarter. William Allan Corp now owns 9,608 shares of the business services provider’s stock valued at $1,874,000 after purchasing an additional 48 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in Cintas by 1.6% during the 2nd quarter. Rehmann Capital Advisory Group now owns 3,355 shares of the business services provider’s stock worth $580,000 after purchasing an additional 54 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in 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 worth $1,236,000 after purchasing an additional 58 shares in the last quarter. Sachetta LLC increased its stake in Cintas by 46.0% during the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock worth $34,000 after purchasing an additional 63 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in Cintas by 4.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,462 shares of the business services provider’s stock worth $285,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on CTAS shares. Weiss Ratings upgraded shares of Cintas from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Jefferies Financial Group lifted their price target on shares of Cintas from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. UBS Group reiterated a “buy” rating and issued a $235.00 price target (up from $230.00) on shares of Cintas in a report on Thursday, September 24th. Sanford C. Bernstein reissued a “market perform” rating on shares of Cintas in a research report on Thursday, September 10th. Finally, Argus increased their price objective on shares of Cintas from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, September 29th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cintas has a consensus rating of “Moderate Buy” and an average price target of $218.50.

Cintas Price Performance

CTAS stock opened at $220.15 on Thursday. The stock has a 50-day moving average price of $201.75 and a two-hundred day moving average price of $188.32. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $220.64. The stock has a market cap of $87.42 billion, a PE ratio of 43.42, a price-to-earnings-growth ratio of 3.44 and a beta of 0.92. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Equities analysts forecast that Cintas Corporation will post 5.53 EPS for the current fiscal 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 issued a dividend of $0.52 per share. The ex-dividend date was Friday, August 14th. This is a boost from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s dividend payout ratio is 41.03%.

About Cintas

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.