Ameritas Advisory Services LLC Sells 11,410 Shares of Cintas Corporation $CTAS

Ameritas Advisory Services LLC reduced its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 87.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,613 shares of the business services provider's stock after selling 11,410 shares during the period. Ameritas Advisory Services LLC's holdings in Cintas were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CTAS. Wedmont Private Capital grew its stake in Cintas by 2.5% during the second quarter. Wedmont Private Capital now owns 10,520 shares of the business services provider's stock worth $1,890,000 after purchasing an additional 253 shares during the period. Saudi Central Bank grew its stake in shares of Cintas by 79.2% in the 2nd quarter. Saudi Central Bank now owns 23,805 shares of the business services provider's stock valued at $4,049,000 after buying an additional 10,521 shares during the period. Hutchens & Kramer Investment Management Group LLC raised its position in shares of Cintas by 12.4% during the second quarter. Hutchens & Kramer Investment Management Group LLC now owns 3,920 shares of the business services provider's stock worth $667,000 after purchasing an additional 433 shares during the period. Angeles Wealth Management LLC lifted its holdings in shares of Cintas by 4.6% in the 2nd quarter. Angeles Wealth Management LLC now owns 17,159 shares of the business services provider's stock worth $2,918,000 after purchasing an additional 757 shares in the last quarter. Finally, NBH Bank bought a new position in shares of Cintas in the 2nd quarter worth $47,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Down 0.3%

CTAS opened at $200.82 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. The stock has a market cap of $80.36 billion, a price-to-earnings ratio of 53.70, a PEG ratio of 3.25 and a beta of 0.91. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $219.16. The company's 50-day moving average price is $200.41 and its two-hundred day moving average price is $185.70.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the business posted $1.09 EPS. Cintas's quarterly revenue was up 8.9% compared to the same quarter last year. 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 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.52 dividend. The ex-dividend date is Friday, August 14th. This is a positive change from Cintas's previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Cintas's dividend payout ratio is 55.61%.

Analyst Ratings Changes

Several research firms recently issued reports on CTAS. Royal Bank Of Canada reissued a "sector perform" rating and issued a $206.00 price target on shares of Cintas in a research report on Thursday, July 16th. Argus raised shares of Cintas to a "strong-buy" rating in a research note on Friday, July 17th. Weiss Ratings upgraded shares of Cintas from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. Truist Financial decreased their price objective on Cintas from $255.00 to $225.00 and set a "buy" rating for the company in a report on Monday, June 15th. Finally, Robert W. Baird increased their price objective on Cintas from $200.00 to $214.00 and gave the stock an "outperform" rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cintas currently has an average rating of "Moderate Buy" and an average target price of $212.31.

Cintas Profile

Cintas Corporation is a provider of workplace products and services for businesses across North America. The company helps organizations manage employee appearance, workplace cleanliness, safety, and compliance through a range of recurring service programs.

Its offerings include uniform rental and workwear, branded apparel, entrance mats, restroom supplies, and facility cleaning services. Cintas also provides first-aid and safety products, training, and fire protection services, including inspection and maintenance programs for fire extinguishers, sprinkler systems, alarms, and related equipment.

Headquartered in Mason, Ohio, Cintas traces its roots to a family-operated industrial laundry business established by Richard T.

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