Cintas Corporation $CTAS Shares Sold by Profund Advisors LLC

Profund Advisors LLC reduced its position in Cintas Corporation (NASDAQ:CTAS) by 8.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,369 shares of the business services provider’s stock after selling 2,495 shares during the quarter. Profund Advisors LLC’s holdings in Cintas were worth $5,534,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Argus increased their target price on Cintas from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. Citigroup upped their price target 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. Wells Fargo & Company reissued 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. Robert W. Baird set a $222.00 price objective on shares of Cintas and gave the stock an “outperform” rating in a report on Thursday, September 24th. Finally, Truist Financial upped their target price on shares of Cintas from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Ten research analysts have rated the stock with 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 price target of $218.62.

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 Stock Up 0.8%

NASDAQ CTAS opened at $219.82 on Friday. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $226.68. The company has a market capitalization of $87.29 billion, a P/E ratio of 43.36, a PEG ratio of 3.49 and a beta of 0.92. The company’s 50 day simple moving average is $204.45 and its 200 day simple moving average is $190.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results 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 net margin of 17.82% and a return on equity of 42.57%. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Equities research analysts expect that Cintas Corporation will post 5.53 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 13th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 13th. Cintas’s payout ratio is presently 41.03%.

About Cintas

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.