5,419 Cintas Corporation $CTAS Shares Sold by 3Chopt Investment Partners LLC

Key Points

• 3Chopt Investment Partners cut its Cintas stake by 53.6% in the third quarter, selling 5,419 shares and retaining 4,683 shares worth about $913,000.
• Cintas beat quarterly earnings and revenue expectations, with EPS of $1.39 and revenue of $3.01 billion; revenue rose 10.9% year over year. The company set FY2027 EPS guidance of $5.45–$5.54.
• Cintas declared a quarterly dividend of $0.52 per share, equivalent to $2.08 annually and a 0.9% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $218.62.

3Chopt Investment Partners LLC decreased its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 53.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,683 shares of the business services provider's stock after selling 5,419 shares during the quarter. 3Chopt Investment Partners LLC's holdings in Cintas were worth $913,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CTAS. Whipplewood Advisors LLC increased its stake in Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock valued at $25,000 after buying an additional 137 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Cintas in the 2nd quarter worth approximately $27,000. Archer Investment Corp acquired a new stake in shares of Cintas in the 1st quarter worth approximately $32,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Cintas in the 3rd quarter worth approximately $37,000. Finally, Highland Investment Advisors LLC bought a new position in shares of Cintas in the second quarter valued at approximately $32,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Price Performance

NASDAQ CTAS opened at $229.03 on Thursday. The firm has a market capitalization of $90.94 billion, a price-to-earnings ratio of 43.61, a price-to-earnings-growth ratio of 3.55 and a beta of 0.86. 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 50 day simple moving average of $205.69 and a 200-day simple moving average of $190.98. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $230.74.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 business's revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Equities research analysts predict that Cintas Corporation will post 5.53 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 13th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Cintas's payout ratio is currently 41.03%.

Analysts Set New Price Targets

Several brokerages recently commented on CTAS. Citigroup boosted their target price on Cintas from $180.00 to $181.00 and gave the stock a "sell" rating in a report on Wednesday, September 30th. The Goldman Sachs Group increased their price target on Cintas from $231.00 to $239.00 and gave the company a "buy" rating in a research note on Thursday, September 24th. Weiss Ratings downgraded Cintas from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, October 23rd. Argus upped their price objective on Cintas from $230.00 to $240.00 and gave the company a "buy" rating in a report on Tuesday, September 29th. Finally, Robert W. Baird set a $222.00 target price on 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 assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to 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 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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