Cintas Corporation $CTAS Stock Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its stake in Cintas Corporation (NASDAQ:CTAS) by 6.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 517,238 shares of the business services provider’s stock after selling 37,533 shares during the period. Fifth Third Bancorp owned about 0.13% of Cintas worth $100,892,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in shares of Cintas during the 2nd quarter worth $27,000. Archer Investment Corp bought a new position in Cintas in the first quarter valued at $32,000. Pension & Wealth Management Advisors Inc. bought a new position in Cintas in the third quarter valued at $37,000. Highland Investment Advisors LLC bought a new position in Cintas in the second quarter valued at $32,000. Finally, Pingora Partners LLC purchased a new stake in Cintas during the second quarter valued at about $34,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Cintas stock opened at $227.26 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. The company has a market capitalization of $90.24 billion, a PE ratio of 44.82, a P/E/G ratio of 3.57 and a beta of 0.86. The firm has a fifty day simple moving average of $207.85 and a two-hundred day simple moving average of $191.75. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $233.46.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Research analysts expect that Cintas Corporation will post 5.53 EPS for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders 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 yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Cintas’s payout ratio is 41.03%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings lowered Cintas from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. The Goldman Sachs Group increased their price objective on Cintas from $231.00 to $239.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Citigroup raised their price objective on Cintas from $180.00 to $181.00 and gave the company a “sell” rating in a report on Wednesday, September 30th. Sanford C. Bernstein restated a “market perform” rating on shares of Cintas in a research report on Thursday, September 10th. Finally, 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 report on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Cintas currently has a consensus rating of “Moderate Buy” and a consensus target price of $219.87.

About Cintas

Cintas Corporation provides workplace products and services to businesses, primarily in North America. Its offerings include uniform rental and sales, workwear, and related services such as laundering and maintaining uniforms. The company also supplies facility services, including restroom and floor products, and provides first aid and safety products and services. Its fire protection business offers services such as inspecting and maintaining fire extinguishers and other safety equipment. Cintas traces its roots to Acme Industrial Laundry, a family business established in 1929.