Cintas Corporation $CTAS Stock Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 6.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,256,862 shares of the business services provider’s stock after selling 80,245 shares during the quarter. ProShare Advisors LLC’s holdings in Cintas were worth $245,164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CTAS. AMG National Trust Bank acquired a new position in Cintas during the 2nd quarter valued at about $1,973,000. Summit Global Investments purchased a new stake in shares of Cintas during the second quarter valued at $950,000. TimesSquare Capital Management LLC acquired a new stake in shares of Cintas during the second quarter valued at approximately $62,057,000. Oppenheimer Asset Management Inc. purchased a new stake in Cintas in the 2nd quarter worth about $4,972,000. Finally, BlackRock Inc. purchased a new position in Cintas in the second quarter valued at about $4,520,425,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Truist Financial increased their price target on Cintas from $225.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Citigroup lifted their target price on shares of Cintas from $180.00 to $181.00 and gave the company a “sell” rating in a research report on Wednesday, September 30th. Robert W. Baird set a $222.00 target price on Cintas and gave the stock an “outperform” rating in a research report on Thursday, September 24th. Wells Fargo & Company restated an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Finally, 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. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.62.

Cintas Trading Up 0.8%

CTAS opened at $219.82 on Friday. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $226.68. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average of $204.45 and a 200-day moving average of $190.50. The stock has a market cap of $87.29 billion, a PE ratio of 43.36, a price-to-earnings-growth ratio of 3.49 and a beta of 0.92.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.35 by $0.04. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates 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 quarter last year, the business posted $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, sell-side analysts predict that Cintas Corporation will post 5.53 EPS for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 13th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Cintas’s dividend payout ratio (DPR) is currently 41.03%.

Cintas News Roundup

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: A report that the Federal Trade Commission has not indicated it will block the UniFirst transaction narrowed the deal spread and reduced near-term fears of a failed acquisition. The deal could expand Cintas’s scale and market position if completed. UniFirst/Cintas spread narrows on report FTC hasn’t indicated it will block deal
• Positive Sentiment: Investor letters cited solid earnings, operational execution and record fourth-quarter margins, alongside a higher outlook. Cintas previously exceeded quarterly EPS and revenue expectations, with revenue up 10.9% year over year, reinforcing confidence in demand and profitability. Cintas Corporation Gains as Record Q4 Margins Fuel Guidance Increase
• Positive Sentiment: The board approved a quarterly dividend of $0.52 per share, supporting Cintas’s shareholder-return profile. Cintas approves dividend
• Neutral Sentiment: Shareholders approved Cintas’s reincorporation proposal and board slate, removing a governance-related uncertainty but offering limited immediate earnings impact. Cintas Shareholders Approve Reincorporation and Board Slate
• Negative Sentiment: The FTC may still sue to block the UniFirst deal. A failed transaction could require Cintas to pay a $350 million termination fee and eliminate the anticipated strategic benefits. FTC Puts a Wrinkle in the Cintas and UniFirst Merger

Cintas 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.