80,245 Cintas Corporation $CTAS Shares Sold by ProShare Advisors LLC

Key Points

• ProShare Advisors reduced its Cintas stake by 6.0%, selling 80,245 shares and retaining 1.26 million shares valued at approximately $245.2 million. Institutional investors collectively own 63.46% of the company.
• Cintas reported quarterly EPS of $1.39 and revenue of $3.01 billion, exceeding analyst estimates, while revenue increased 10.9% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $218.62.
• Cintas declared a quarterly dividend of $0.52 per share, or $2.08 annualized, yielding about 0.9%. Investors are also monitoring regulatory uncertainty surrounding the proposed UniFirst acquisition, including the potential for a $350 million termination fee if the deal fails.

ProShare Advisors LLC trimmed its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,256,862 shares of the business services provider's stock after selling 80,245 shares during the quarter. ProShare Advisors LLC owned approximately 0.32% of Cintas worth $245,164,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. William Allan Corp raised its position in shares of Cintas by 0.5% in the 3rd quarter. William Allan Corp now owns 9,608 shares of the business services provider's stock worth $1,874,000 after acquiring an additional 48 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in Cintas by 1.6% in the 2nd quarter. Rehmann Capital Advisory Group now owns 3,355 shares of the business services provider's stock valued at $580,000 after buying an additional 54 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of 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 during the last quarter. Childress Capital Advisors LLC lifted its position in Cintas by 3.2% during the third quarter. Childress Capital Advisors LLC now owns 2,003 shares of the business services provider's stock valued at $391,000 after buying an additional 62 shares in the last quarter. Finally, Sachetta LLC lifted its position 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 buying an additional 63 shares in the last quarter. Institutional investors own 63.46% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wells Fargo & Company reiterated an "overweight" rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Rothschild & Co Redburn lifted their price objective on Cintas from $184.00 to $198.00 and gave the company a "neutral" rating in a research note on Tuesday, July 28th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $206.00 target price on shares of Cintas in a research report on Thursday, September 24th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Cintas in a research report on Thursday, September 10th. Finally, Bank of America reiterated a "buy" rating and set a $232.00 price objective on shares of Cintas in a research note on Thursday. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.62.

Cintas Price Performance

CTAS stock opened at $219.82 on Friday. The company has a market capitalization of $87.29 billion, a PE ratio of 43.36, a P/E/G ratio of 3.49 and a beta of 0.92. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $226.68. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The business's fifty day moving average price is $204.45 and its 200 day moving average price is $190.50.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.04. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. Cintas's 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. On average, sell-side analysts anticipate that Cintas Corporation will post 5.53 EPS for the current year.

Cintas Dividend Announcement

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

Key Stories Impacting Cintas

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: A report that the Federal Trade Commission has not indicated it will block the UniFirst transaction narrowed the deal spread and reduced near-term fears of a failed acquisition. The deal could expand Cintas’s scale and market position if completed. UniFirst/Cintas spread narrows on report FTC hasn't indicated it will block deal
• Positive Sentiment: Investor letters cited solid earnings, operational execution and record fourth-quarter margins, alongside a higher outlook. Cintas previously exceeded quarterly EPS and revenue expectations, with revenue up 10.9% year over year, reinforcing confidence in demand and profitability. Cintas Corporation Gains as Record Q4 Margins Fuel Guidance Increase
• Positive Sentiment: The board approved a quarterly dividend of $0.52 per share, supporting Cintas’s shareholder-return profile. Cintas approves dividend
• Neutral Sentiment: Shareholders approved Cintas’s reincorporation proposal and board slate, removing a governance-related uncertainty but offering limited immediate earnings impact. Cintas Shareholders Approve Reincorporation and Board Slate
• Negative Sentiment: The FTC may still sue to block the UniFirst deal. A failed transaction could require Cintas to pay a $350 million termination fee and eliminate the anticipated strategic benefits. FTC Puts a Wrinkle in the Cintas and UniFirst Merger

Cintas 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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