Annex Advisory Services LLC Trims Stake in Cintas Corporation $CTAS

Annex Advisory Services LLC lessened its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 12.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 37,816 shares of the business services provider’s stock after selling 5,536 shares during the quarter. Annex Advisory Services LLC’s holdings in Cintas were worth $6,432,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. One Capital Management LLC raised its position in Cintas by 0.9% in the fourth quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock valued at $1,159,000 after purchasing an additional 53 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in Cintas by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock worth $1,236,000 after purchasing an additional 58 shares during the period. Sachetta LLC grew its position in shares of Cintas by 46.0% during the first quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock worth $34,000 after buying an additional 63 shares in the last quarter. Ausdal Financial Partners Inc. increased its stake in shares of Cintas by 2.8% during the second quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock worth $510,000 after buying an additional 63 shares during the period. Finally, Elyxium Wealth LLC increased its stake in shares of Cintas by 4.9% during the fourth quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider’s stock worth $257,000 after buying an additional 64 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research note on Thursday, July 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $231.00 price objective on shares of Cintas in a research report on Wednesday, July 15th. Wells Fargo & Company restated an “overweight” rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cintas presently has an average rating of “Moderate Buy” and a consensus target price of $212.31.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $205.28 on Wednesday. The stock has a market cap of $82.15 billion, a P/E ratio of 54.89, a P/E/G ratio of 3.27 and a beta of 0.92. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $225.85. The stock has a 50 day moving average of $187.47 and a two-hundred day moving average of $184.48. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. Cintas’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, research analysts forecast that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a dividend of $0.52 per share. This is an increase from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. Cintas’s dividend payout ratio is 48.13%.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.