Cintas Corporation $CTAS Stock Sold by Robeco Schweiz AG

Robeco Schweiz AG reduced its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,006 shares of the business services provider’s stock after selling 3,700 shares during the quarter. Robeco Schweiz AG’s holdings in Cintas were worth $29,455,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CTAS. First United Bank & Trust bought a new position in Cintas in the first quarter valued at $25,000. Whipplewood Advisors LLC increased its stake in Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after buying an additional 137 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Cintas in the 2nd quarter valued at $27,000. Archer Investment Corp bought a new stake in Cintas during the 1st quarter worth about $32,000. Finally, Highland Investment Advisors LLC bought a new stake in Cintas during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

NASDAQ:CTAS opened at $224.10 on Friday. The stock has a market capitalization of $88.98 billion, a PE ratio of 44.20, a P/E/G ratio of 3.55 and a beta of 0.92. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $225.79. The firm has a fifty day simple moving average of $202.71 and a 200 day simple moving average of $188.91. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27.

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 period in the prior year, the firm posted $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. On average, research analysts expect that Cintas Corporation will post 5.53 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. This is a boost from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio (DPR) is presently 41.03%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Truist Financial increased their price objective on shares of Cintas from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Citigroup upped their target price on Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a report on Wednesday, September 30th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a report on Thursday, September 24th. Finally, Weiss Ratings cut Cintas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Cintas has an average rating of “Moderate Buy” and an average target price of $218.50.

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.