18,069 Cintas Corporation $CTAS Shares Sold by Bahl & Gaynor LLC

Bahl & Gaynor LLC lessened its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 2.1% in the third quarter, HoldingsChannel reports. The fund owned 828,537 shares of the business services provider’s stock after selling 18,069 shares during the period. Bahl & Gaynor LLC’s holdings in Cintas were worth $161,614,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in shares of Cintas during the second quarter valued at $27,000. Archer Investment Corp bought a new stake in shares of Cintas during the first quarter valued at about $32,000. Highland Investment Advisors LLC acquired a new stake in Cintas in the second quarter worth about $32,000. Pingora Partners LLC acquired a new stake in Cintas in the second quarter worth about $34,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in Cintas in the third quarter worth about $37,000. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $225.28 on Wednesday. Cintas Corporation has a one year low of $161.16 and a one year high of $233.46. The stock has a fifty day moving average of $207.31 and a 200-day moving average of $191.58. The company has a market capitalization of $89.45 billion, a PE ratio of 43.50, a price-to-earnings-growth ratio of 3.54 and a beta of 0.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, equities analysts anticipate that Cintas Corporation will post 5.53 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 13th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. Cintas’s dividend payout ratio (DPR) is currently 41.03%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CTAS shares. UBS Group reissued a “buy” rating and set a $235.00 target price (up from $230.00) on shares of Cintas in a research note on Thursday, September 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research note on Thursday, September 24th. Weiss Ratings cut shares of Cintas from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Bank of America reiterated a “buy” rating and issued a $232.00 price objective on shares of Cintas in a report on Thursday, October 29th. Finally, Robert W. Baird set a $222.00 price objective on shares of Cintas and gave the company an “outperform” rating in a research note on Thursday, September 24th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Moderate Buy” and an average price target of $218.62.

Cintas Company Profile

Cintas Corporation provides workplace products and services to businesses, primarily in North America. Its offerings include uniform rental and sales, workwear, and related services such as laundering and maintaining uniforms. The company also supplies facility services, including restroom and floor products, and provides first aid and safety products and services. Its fire protection business offers services such as inspecting and maintaining fire extinguishers and other safety equipment. Cintas traces its roots to Acme Industrial Laundry, a family business established in 1929.