Cintas Corporation $CTAS Shares Sold by Annex Advisory Services LLC

Key Points

• Annex Advisory Services reduced its Cintas stake by 12.8% in the second quarter, selling 5,536 shares and retaining 37,816 shares valued at approximately $6.43 million. Institutional investors collectively own 63.46% of the company.
• Cintas exceeded quarterly expectations, reporting $1.29 in EPS and $2.91 billion in revenue, with revenue up 8.9% year over year. The company issued fiscal 2027 EPS guidance of $5.36–$5.50.
• Cintas raised its quarterly dividend to $0.52 per share, equal to an annualized $2.08 and a 1.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $212.31.

Annex Advisory Services LLC lessened its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 12.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,816 shares of the business services provider's stock after selling 5,536 shares during the period. Annex Advisory Services LLC's holdings in Cintas were worth $6,432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CTAS. One Capital Management LLC grew its holdings in Cintas by 0.9% in the fourth quarter. One Capital Management LLC now owns 6,160 shares of the business services provider's stock valued at $1,159,000 after purchasing an additional 53 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake 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 buying an additional 58 shares during the period. Sachetta LLC raised its stake in shares of Cintas by 46.0% during 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 during the period. Ausdal Financial Partners Inc. lifted its position in shares of Cintas by 2.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider's stock valued at $510,000 after buying an additional 63 shares in the last quarter. Finally, Elyxium Wealth LLC lifted its position in shares of Cintas by 4.9% during the 4th quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider's stock valued at $257,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Up 1.3%

Shares of NASDAQ:CTAS opened at $205.28 on Wednesday. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $225.85. The stock has a market cap of $82.15 billion, a P/E ratio of 54.89, a PEG ratio of 3.27 and a beta of 0.92. The business has a fifty day moving average of $187.47 and a two-hundred day moving average of $184.48. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.24 by $0.05. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, research analysts expect that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The company also recently announced 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%. This is a boost from Cintas's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 14th. Cintas's payout ratio is presently 48.13%.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of research analyst reports. The Goldman Sachs Group reissued a "buy" rating and issued a $231.00 price target on shares of Cintas in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of Cintas from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Truist Financial decreased their price objective on shares of Cintas from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Monday, June 15th. UBS Group reiterated a "buy" rating and issued a $230.00 target price (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, Argus raised shares of Cintas to a "strong-buy" rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $212.31.

About Cintas

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source