Pacer Advisors Inc. Sells 21,354 Shares of Cintas Corporation $CTAS

Pacer Advisors Inc. reduced its holdings in Cintas Corporation (NASDAQ:CTAS) by 34.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 40,036 shares of the business services provider’s stock after selling 21,354 shares during the period. Pacer Advisors Inc.’s holdings in Cintas were worth $6,772,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CTAS. One Capital Management LLC raised its holdings in Cintas by 0.9% during the 4th quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock valued at $1,159,000 after buying an additional 53 shares during the period. Richardson Financial Services Inc. lifted its holdings in Cintas by 1.1% during the 4th quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider’s stock valued at $951,000 after buying an additional 54 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Cintas by 0.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock valued at $1,236,000 after buying an additional 58 shares during the period. Sachetta LLC grew its stake in Cintas by 46.0% in the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock worth $34,000 after acquiring an additional 63 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its position in shares of Cintas by 2.8% during the second quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock worth $510,000 after acquiring an additional 63 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $201.40 on Thursday. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $226.75. The company has a market cap of $80.59 billion, a PE ratio of 53.85, a P/E/G ratio of 3.29 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The business has a 50-day simple moving average of $185.01 and a two-hundred day simple moving average of $184.25.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, equities analysts expect that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio (DPR) is currently 48.13%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CTAS shares. Weiss Ratings raised Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Wells Fargo & Company reissued an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Truist Financial decreased their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, June 15th. The Goldman Sachs Group restated a “buy” rating and issued a $231.00 price target on shares of Cintas in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $212.31.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.