Yousif Capital Management LLC Sells 2,553 Shares of Cintas Corporation $CTAS

Yousif Capital Management LLC cut its position in shares of Cintas Corporation (NASDAQ:CTAS) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,130 shares of the business services provider’s stock after selling 2,553 shares during the period. Yousif Capital Management LLC’s holdings in Cintas were worth $14,655,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Cintas in the 2nd quarter worth about $4,520,425,000. Bank of New York Mellon Corp bought a new stake in Cintas during the 2nd quarter valued at $644,334,000. Legal & General Group Plc purchased a new stake in shares of Cintas in the 2nd quarter worth $386,159,000. Bank of America Corp DE purchased a new stake in shares of Cintas in the 2nd quarter worth $233,111,000. Finally, Deutsche Bank AG purchased a new stake in shares of Cintas in the 2nd quarter worth $204,831,000. 63.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on CTAS. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and raised their price target for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. Weiss Ratings raised shares of Cintas from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Argus increased their target price on shares of Cintas from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, September 29th. UBS Group reissued a “buy” rating and set a $235.00 target price (up from $230.00) on shares of Cintas in a research report on Thursday, September 24th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Cintas in a report on Thursday, September 10th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $218.50.

Cintas Stock Up 0.0%

NASDAQ CTAS traded up $0.06 during midday trading on Friday, hitting $224.10. 1,934,631 shares of the company traded hands, compared to its average volume of 1,745,510. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29. The company has a market cap of $88.99 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 3.55 and a beta of 0.92. The company’s 50-day simple moving average is $202.71 and its 200-day simple moving average is $188.91. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $225.79.

Cintas (NASDAQ:CTAS) last announced 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 for the quarter, compared to the consensus estimate of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, equities research analysts forecast that Cintas Corporation will post 5.53 earnings per share for the current year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 14th. 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 yield of 0.9%. Cintas’s dividend payout ratio is 41.03%.

Cintas 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.