2,268 Cintas Corporation $CTAS Shares Sold by Sentry LLC

Sentry LLC decreased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 4.1% in the 3rd quarter, Holdings Channel reports. The firm owned 52,468 shares of the business services provider’s stock after selling 2,268 shares during the quarter. Cintas comprises about 3.6% of Sentry LLC’s investment portfolio, making the stock its 6th biggest holding. Sentry LLC’s holdings in Cintas were worth $10,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Whipplewood Advisors LLC raised its stake in Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 137 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Cintas in the second quarter worth approximately $27,000. Archer Investment Corp bought a new position in shares of Cintas in the first quarter valued at $32,000. Highland Investment Advisors LLC bought a new position in shares of Cintas in the second quarter valued at $32,000. Finally, Sachetta LLC lifted its position in shares of Cintas by 46.0% during the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS opened at $229.03 on Thursday. Cintas Corporation has a one year low of $161.16 and a one year high of $230.74. 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 capitalization of $90.94 billion, a PE ratio of 45.17, a price-to-earnings-growth ratio of 3.55 and a beta of 0.86. The company’s fifty day moving average price is $205.69 and its 200 day moving average price is $190.98.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share 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 business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the business earned $1.20 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, analysts expect that Cintas Corporation will post 5.53 earnings per share for the current year.

Cintas Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on Cintas from $200.00 to $210.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Sanford C. Bernstein reissued a “market perform” rating on shares of Cintas in a research note on Thursday, September 10th. Rothschild & Co Redburn raised their target price on shares of Cintas from $184.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 price target on shares of Cintas in a report on Thursday, September 24th. Finally, Truist Financial raised their target price on Cintas from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.62.

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.