Fort Washington Investment Advisors Inc. OH Sells 85,350 Shares of Cintas Corporation $CTAS

Key Points

• Fort Washington Investment Advisors reduced its Cintas stake by 2%, selling 85,350 shares during the third quarter. It still held 4.17 million shares worth approximately $812.8 million, representing 4% of its portfolio.
• Cintas reported quarterly earnings of $1.39 per share on $3.01 billion in revenue, exceeding analyst estimates, while revenue increased 10.9% year over year. The company issued fiscal 2027 EPS guidance of $5.45–$5.54.
• Cintas increased its quarterly dividend to $0.52 per share, or $2.08 annually, yielding about 1%. Analysts maintained a “Moderate Buy” consensus with an average price target of $218.50.

Fort Washington Investment Advisors Inc. OH decreased its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,167,137 shares of the business services provider's stock after selling 85,350 shares during the quarter. Cintas comprises 4.0% of Fort Washington Investment Advisors Inc. OH's holdings, making the stock its 4th largest holding. Fort Washington Investment Advisors Inc. OH owned approximately 1.05% of Cintas worth $812,842,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. First United Bank & Trust acquired a new position in Cintas in the first quarter valued at about $25,000. Whipplewood Advisors LLC increased its position in shares of 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 acquiring an additional 137 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Cintas during the second quarter valued at about $27,000. Archer Investment Corp purchased a new stake in shares of Cintas in the 1st quarter valued at approximately $32,000. Finally, Highland Investment Advisors LLC purchased a new stake in shares of Cintas in the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Stock Up 1.1%

Shares of Cintas stock opened at $208.63 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.27. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $219.16. The company has a market capitalization of $82.84 billion, a P/E ratio of 41.15, a P/E/G ratio of 3.28 and a beta of 0.92. The company has a 50 day moving average of $200.56 and a 200 day moving average of $186.72.

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

Cintas Increases Dividend

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

Wall Street Analysts Forecast Growth

CTAS has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Cintas from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 9th. Jefferies Financial Group lifted their target price on shares of Cintas from $200.00 to $210.00 and gave the company a "hold" rating in a report on Thursday, July 16th. Robert W. Baird set a $222.00 target price on shares of Cintas and gave the company an "outperform" rating in a report on Thursday, September 24th. Wells Fargo & Company reissued an "overweight" rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, Bank of America raised Cintas from a "neutral" rating to a "buy" rating and boosted their target price for the company from $200.00 to $230.00 in a research report on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $218.50.

Cintas Profile

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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