15,649 Cintas Corporation $CTAS Shares Sold by Fenimore Asset Management Inc

Fenimore Asset Management Inc lowered its holdings in shares of Cintas Corporation (NASDAQ:CTAS – Free Report) by 5.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,061 shares of the business services provider’s stock after selling 15,649 shares during the period. Cintas comprises 1.1% of Fenimore Asset Management Inc’s portfolio, making the stock its 28th largest holding. Fenimore Asset Management Inc’s holdings in Cintas were worth $52,288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Cintas during the second quarter worth about $4,520,425,000. Bank of New York Mellon Corp bought a new stake in shares of Cintas in the 2nd quarter valued at approximately $644,334,000. Legal & General Group Plc bought a new stake in shares of Cintas in the 2nd quarter valued at approximately $386,159,000. Bank of America Corp DE acquired a new position in shares of Cintas in the 2nd quarter worth approximately $233,111,000. Finally, Deutsche Bank AG bought a new position in shares of Cintas during the 2nd quarter worth approximately $204,831,000. Institutional investors own 63.46% of the company’s stock.

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Cintas Price Performance

Shares of CTAS stock traded up $3.93 during trading hours on Thursday, hitting $201.12. 1,323,685 shares of the company’s stock were exchanged, compared to its average volume of 2,130,442. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29. The stock has a market cap of $80.59 billion, a price-to-earnings ratio of 39.67, a price-to-earnings-growth ratio of 3.11 and a beta of 0.92. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.16. The stock’s 50-day moving average is $200.50 and its 200-day moving average is $185.74.

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. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business posted $1.20 earnings per share. 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. As a group, research analysts forecast that Cintas Corporation will post 5.52 EPS 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 paid a $0.52 dividend. This is an increase from Cintas’s previous quarterly dividend of $0.45. 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%. Cintas’s payout ratio is 41.03%.

Analyst Ratings Changes

Several analysts recently commented on the company. Robert W. Baird set a $222.00 price target on Cintas and gave the company an “outperform” rating in a research note on Thursday, September 24th. Bank of America raised 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 report on Thursday, July 16th. The Goldman Sachs Group restated a “buy” rating and issued a $231.00 target price on shares of Cintas in a research note on Wednesday, July 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a report on Thursday, September 24th. Finally, Citigroup increased their target price on shares of Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a research report on Wednesday, September 30th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $216.08.

Read Our Latest Analysis on CTAS

Cintas Profile

(Free Report)

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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