Formuepleje A S Sells 20,537 Shares of Cintas Corporation $CTAS

Key Points

• Formuepleje A S cut its Cintas stake by 47.9%, selling 20,537 shares during the second quarter and retaining 22,305 shares valued at approximately $3.79 million. Institutional investors collectively own 63.46% of Cintas.
• Cintas beat quarterly expectations, reporting $1.29 in EPS and $2.91 billion in revenue, with revenue up 8.9% year over year. The company guided for fiscal 2027 EPS of $5.36–$5.50.
• Cintas increased its quarterly dividend to $0.52 per share from $0.45, while analysts maintained a “Moderate Buy” consensus with an average price target of $212.31.

Formuepleje A S lowered its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 47.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 22,305 shares of the business services provider's stock after selling 20,537 shares during the quarter. Formuepleje A S's holdings in Cintas were worth $3,794,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CTAS. Nemes Rush Group LLC bought a new stake in Cintas in the fourth quarter valued at $25,000. Swiss RE Ltd. bought a new position in Cintas in the fourth quarter worth $25,000. First United Bank & Trust bought a new position in Cintas in the first quarter worth $25,000. Whipplewood Advisors LLC lifted its position in Cintas by 1,712.5% during the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock valued at $25,000 after buying an additional 137 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Cintas during the 4th quarter valued at $26,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $200.47 on Monday. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $219.16. The firm has a market cap of $80.22 billion, a P/E ratio of 53.60, a PEG ratio of 3.24 and a beta of 0.91. The company has a 50 day moving average of $197.47 and a 200 day moving average of $185.59. 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 issued its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company's revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, research analysts expect that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Truist Financial lowered their price target on shares of Cintas from $255.00 to $225.00 and set a "buy" rating for the company in a research report on Monday, June 15th. Robert W. Baird lifted their target price on shares of Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a report on Thursday, July 16th. Wells Fargo & Company restated 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. UBS Group reaffirmed a "buy" rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, Bank of America upgraded Cintas from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $212.31.

Cintas Profile

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.

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