Cintas Corporation $CTAS Stock Holdings Lessened by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 13.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 21,250 shares of the business services provider’s stock after selling 3,273 shares during the period. Park Avenue Securities LLC’s holdings in Cintas were worth $4,145,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CTAS shares. Jefferies Financial Group increased their target price on shares of Cintas from $200.00 to $210.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Argus boosted their price target on shares of Cintas from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, September 29th. Citigroup upped their price objective on shares of Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a research note on Wednesday, September 30th. Weiss Ratings lowered shares of Cintas from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Finally, UBS Group reiterated a “buy” rating and issued a $235.00 target price (up from $230.00) on shares of Cintas in a research note on Thursday, September 24th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $218.62.

Cintas Price Performance

Shares of CTAS stock opened at $218.07 on Friday. The stock’s fifty day moving average is $204.13 and its 200-day moving average is $190.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45. The stock has a market capitalization of $86.59 billion, a PE ratio of 43.01, a PEG ratio of 3.37 and a beta of 0.92. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $226.68.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results 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 business had revenue of $3.01 billion during 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 firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Equities research analysts expect that Cintas Corporation will post 5.53 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s payout ratio is currently 41.03%.

Cintas Company 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.