Cintas Corporation $CTAS Shares Sold by Profund Advisors LLC

Profund Advisors LLC lessened its stake in Cintas Corporation (NASDAQ:CTAS) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Cintas in the second quarter worth $4,520,425,000. Bank of New York Mellon Corp purchased a new stake in shares of Cintas during the second quarter worth $644,334,000. Amundi raised its holdings in shares of Cintas by 6.3% during the first quarter. Amundi now owns 2,402,362 shares of the business services provider’s stock worth $406,336,000 after acquiring an additional 142,576 shares in the last quarter. Legal & General Group Plc acquired a new stake in Cintas during the second quarter valued at $386,159,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Cintas by 34.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,040,757 shares of the business services provider’s stock valued at $345,174,000 after purchasing an additional 526,299 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Trending Headlines about Cintas

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 Price Performance

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

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the company earned $1.20 earnings per share. The company’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. Research analysts anticipate that Cintas Corporation will post 5.53 EPS for the current year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 13th will be paid 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 dividend payout ratio is presently 41.03%.

Analysts Set New Price Targets

CTAS has been the topic of several research reports. UBS Group reaffirmed a “buy” rating and issued a $235.00 target price (up from $230.00) on shares of Cintas in a research report on Thursday, September 24th. Jefferies Financial Group boosted their price target on Cintas from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Weiss Ratings downgraded Cintas from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Sanford C. Bernstein restated a “market perform” rating on shares of Cintas in a report on Thursday, September 10th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.62.

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.