Sentry LLC lessened its holdings in Cintas Corporation (NASDAQ:CTAS – Free Report) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,468 shares of the business services provider’s stock after selling 2,268 shares during the period. Cintas comprises approximately 3.6% of Sentry LLC’s holdings, making the stock its 6th biggest holding. Sentry LLC’s holdings in Cintas were worth $10,234,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in CTAS. Whipplewood Advisors LLC boosted its position in shares of Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after buying an additional 137 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Cintas during the 2nd quarter valued at about $27,000. Archer Investment Corp purchased a new stake in shares of Cintas during the 1st quarter valued at about $32,000. Pension & Wealth Management Advisors Inc. acquired a new position in Cintas during the 3rd quarter worth approximately $37,000. Finally, Highland Investment Advisors LLC acquired a new position in Cintas during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 63.46% of the company’s stock.
Cintas Trading Up 2.4%
Shares of CTAS opened at $229.03 on Thursday. Cintas Corporation has a one year low of $161.16 and a one year high of $230.74. The stock has a 50-day moving average price of $205.69 and a 200 day moving average price of $190.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45. The company has a market capitalization of $90.94 billion, a P/E ratio of 45.17, a P/E/G ratio of 3.55 and a beta of 0.86.
Cintas (NASDAQ:CTAS – Get Free Report) last posted 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. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the business earned $1.20 EPS. Cintas’s revenue for the quarter was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Sell-side analysts forecast that Cintas Corporation will post 5.53 EPS for the current fiscal year.
Cintas Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 13th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Cintas’s payout ratio is 41.03%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Citigroup upped their price target on Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a report on Wednesday, September 30th. The Goldman Sachs Group boosted their target price on shares of Cintas from $231.00 to $239.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Rothschild & Co Redburn upped their target price on shares of Cintas from $184.00 to $198.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Jefferies Financial Group upped their target price on shares of Cintas from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Finally, Argus raised 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. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $218.62.
Get Our Latest Report on Cintas
Cintas Company Profile
Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.
Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.
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