32,132 Cintas Corporation $CTAS Shares Sold by Vest Financial LLC

Key Points

• Vest Financial reduced its Cintas stake by 11.7%, selling 32,132 shares during the third quarter and retaining 243,362 shares valued at approximately $47.5 million. Institutional investors and hedge funds collectively own 63.46% of the company.
• Cintas reported quarterly EPS of $1.39, exceeding estimates by $0.04, while revenue rose 10.9% year over year to $3.01 billion. The company also increased its quarterly dividend to $0.52 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $218.50; individual targets range as high as $240.

Vest Financial LLC reduced its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 11.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 243,362 shares of the business services provider's stock after selling 32,132 shares during the period. Vest Financial LLC owned approximately 0.06% of Cintas worth $47,470,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. BlackRock Inc. acquired a new stake in Cintas during the 2nd quarter worth $4,520,425,000. Bank of New York Mellon Corp acquired a new position in shares of Cintas in the 2nd quarter valued at $644,334,000. Amundi lifted its stake in shares of Cintas by 6.3% in the 1st quarter. Amundi now owns 2,402,362 shares of the business services provider's stock valued at $406,336,000 after purchasing an additional 142,576 shares during the period. Legal & General Group Plc acquired a new position in shares of Cintas in the 2nd quarter valued at $386,159,000. Finally, Pictet Asset Management Holding SA boosted its position in shares of Cintas by 8.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,167,957 shares of the business services provider's stock worth $366,673,000 after purchasing an additional 165,752 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Up 1.4%

Shares of NASDAQ CTAS opened at $220.15 on Thursday. The stock has a market cap of $87.42 billion, a P/E ratio of 43.42, a P/E/G ratio of 3.44 and a beta of 0.92. The firm has a 50 day moving average price of $201.75 and a 200 day moving average price of $188.32. 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 Corporation has a 52-week low of $161.16 and a 52-week high of $220.64.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.35 by $0.04. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The business's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Analysts expect that Cintas Corporation will post 5.53 EPS for the current year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were issued a $0.52 dividend. This is a positive change from Cintas's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. Cintas's dividend payout ratio (DPR) is presently 41.03%.

Analysts Set New Price Targets

CTAS has been the subject of a number of analyst reports. Robert W. Baird set a $222.00 price objective on Cintas and gave the stock an "outperform" rating in a research note on Thursday, September 24th. Bank of America upgraded Cintas from a "neutral" rating to a "buy" rating and upped their price objective for the company from $200.00 to $230.00 in a report on Thursday, July 16th. UBS Group reissued a "buy" rating and issued a $235.00 target price (up from $230.00) on shares of Cintas in a research note on Thursday, September 24th. Argus increased their target price on Cintas from $230.00 to $240.00 and gave the company a "buy" rating in a research note on Tuesday, September 29th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $206.00 target price on shares of Cintas in a report on Thursday, September 24th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $218.50.

Cintas Company Profile

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.

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