Fenimore Asset Management Inc Sells 15,649 Shares of Cintas Corporation $CTAS

Key Points

• Fenimore Asset Management reduced its Cintas stake by 5.5%, selling 15,649 shares and retaining 268,061 shares valued at approximately $52.3 million. Institutional investors and hedge funds collectively own 63.46% of CTAS.
• Cintas exceeded quarterly expectations with $1.39 in EPS and $3.01 billion in revenue, while revenue rose 10.9% year over year. The company issued fiscal 2027 EPS guidance of $5.45–$5.54.
• The company raised its quarterly dividend to $0.52 per share, representing a 1.0% annual yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $216.08.

Fenimore Asset Management Inc trimmed its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 5.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 268,061 shares of the business services provider's stock after selling 15,649 shares during the period. Cintas accounts for about 1.1% of Fenimore Asset Management Inc's investment portfolio, making the stock its 28th largest position. Fenimore Asset Management Inc owned approximately 0.07% of Cintas worth $52,288,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTAS. Rehmann Capital Advisory Group grew its holdings in Cintas by 1.6% during the second quarter. Rehmann Capital Advisory Group now owns 3,355 shares of the business services provider's stock valued at $580,000 after purchasing an additional 54 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Cintas by 0.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider's stock valued at $1,236,000 after purchasing an additional 58 shares during the period. Sachetta LLC lifted its stake in shares of Cintas by 46.0% in the first 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 last quarter. Sumitomo Life Insurance Co. lifted its stake in shares of Cintas by 0.4% in the fourth quarter. Sumitomo Life Insurance Co. now owns 15,118 shares of the business services provider's stock worth $2,843,000 after buying an additional 64 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services boosted its holdings in shares of Cintas by 0.4% during the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 17,447 shares of the business services provider's stock worth $2,967,000 after buying an additional 70 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

CTAS stock traded up $3.93 on Thursday, reaching $201.12. 1,323,685 shares of the company were exchanged, compared to its average volume of 2,130,442. The firm has a market capitalization of $80.59 billion, a PE ratio of 39.67, a PEG ratio of 3.11 and a beta of 0.92. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16. The stock's fifty day moving average price is $200.50 and its 200 day moving average price is $185.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29.

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 analysts' consensus estimates of $1.35 by $0.04. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The business's revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, research analysts anticipate that Cintas Corporation will post 5.52 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were given 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 was Friday, August 14th. Cintas's dividend payout ratio (DPR) is 41.03%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CTAS. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $206.00 target price on shares of Cintas in a research note on Thursday, September 24th. Argus upped their price target on shares of Cintas from $230.00 to $240.00 and gave the company a "buy" rating in a report on Tuesday, September 29th. Citigroup raised their price target on Cintas from $180.00 to $181.00 and gave the company a "sell" rating in a research report on Wednesday, September 30th. Weiss Ratings upgraded Cintas from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, September 11th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $231.00 price objective on shares of Cintas in a research report on Wednesday, July 15th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $216.08.

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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