Cintas Corporation $CTAS Stock: Annex Advisory Services LLC Lowers Stake

Annex Advisory Services LLC lowered its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 26.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,731 shares of the business services provider's stock after selling 10,085 shares during the quarter. Annex Advisory Services LLC's holdings in Cintas were worth $5,409,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new position in Cintas during the 2nd quarter worth about $4,520,425,000. Bank of New York Mellon Corp acquired a new position in shares of Cintas during the second quarter worth about $644,334,000. Amundi boosted its position in shares of Cintas by 6.3% during the first quarter. Amundi now owns 2,402,362 shares of the business services provider's stock worth $406,336,000 after buying an additional 142,576 shares during the period. Legal & General Group Plc bought a new position in shares of Cintas during the second quarter worth about $386,159,000. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Cintas by 8.3% during the first quarter. Pictet Asset Management Holding SA now owns 2,167,957 shares of the business services provider's stock worth $366,673,000 after buying an additional 165,752 shares in the last quarter. Institutional investors own 63.46% of the company's stock.

Cintas Trading Up 0.3%

Shares of CTAS stock opened at $213.69 on Friday. The firm has a 50 day moving average price of $200.99 and a two-hundred day moving average price of $187.24. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $84.85 billion, a PE ratio of 42.15, a price-to-earnings-growth ratio of 3.39 and a beta of 0.92. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $219.16.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The company had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The business's revenue was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, analysts predict that Cintas Corporation will post 5.52 earnings per share for the current year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were issued a dividend of $0.52 per share. This is an increase from Cintas's previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 14th. Cintas's payout ratio is 41.03%.

Analyst Upgrades and Downgrades

Several research firms have commented on CTAS. Argus boosted 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. Bank of America raised shares of Cintas from a "neutral" rating to a "buy" rating and raised their price target for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Wells Fargo & Company restated an "overweight" rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Rothschild & Co Redburn raised their price objective on Cintas from $184.00 to $198.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. Finally, Citigroup increased their price objective on Cintas from $180.00 to $181.00 and gave the company a "sell" rating in a report on Wednesday, September 30th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $218.50.

About Cintas

Cintas Corporation NASDAQ: CTAS provides workplace services to businesses and organizations across North America. The company's primary business is uniform rental and facility services, including the design, rental, cleaning and delivery of uniforms, work apparel and related garments.

Its offerings also include restroom and hygiene services, floor-care products, mats, towels, and other facility supplies. Through its First Aid & Safety segment, Cintas provides first-aid products, safety equipment and training.

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