Cintas Corporation $CTAS Shares Sold by Money Concepts Capital Corp

Money Concepts Capital Corp decreased its position in Cintas Corporation (NASDAQ:CTAS) by 36.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,914 shares of the business services provider’s stock after selling 3,439 shares during the period. Money Concepts Capital Corp’s holdings in Cintas were worth $1,154,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CTAS. Meeder Asset Management Inc. purchased a new stake in Cintas during the 2nd quarter valued at $27,000. Archer Investment Corp bought a new stake in Cintas in the 2nd quarter worth $32,000. Pension & Wealth Management Advisors Inc. purchased a new position in shares of Cintas in the third quarter valued at about $37,000. Highland Investment Advisors LLC purchased a new position in shares of Cintas in the second quarter valued at about $32,000. Finally, Pingora Partners LLC purchased a new position in shares of Cintas in the second quarter valued at about $34,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Down 0.6%

Cintas stock traded down $1.28 during mid-day trading on Friday, reaching $226.24. 1,456,031 shares of the company traded hands, compared to its average volume of 2,036,845. 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 firm’s 50 day moving average price is $208.94 and its 200 day moving average price is $192.09. The firm has a market capitalization of $89.84 billion, a price-to-earnings ratio of 44.62, a P/E/G ratio of 3.61 and a beta of 0.86. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $233.46.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 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 business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the business earned $1.20 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, analysts anticipate that Cintas Corporation will post 5.53 earnings per share for the current fiscal year.

Cintas Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently commented on CTAS. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cintas in a research note on Thursday, September 10th. Bank of America reissued a “buy” rating and issued a $232.00 target price on shares of Cintas in a research note on Thursday, October 29th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a research note on Thursday, September 24th. Citigroup boosted their price target on Cintas from $180.00 to $181.00 and gave the company a “sell” rating in a report on Wednesday, September 30th. Finally, Weiss Ratings lowered Cintas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $219.87.

Cintas Profile

Cintas Corporation provides workplace products and services to businesses, primarily in North America. Its offerings include uniform rental and sales, workwear, and related services such as laundering and maintaining uniforms. The company also supplies facility services, including restroom and floor products, and provides first aid and safety products and services. Its fire protection business offers services such as inspecting and maintaining fire extinguishers and other safety equipment. Cintas traces its roots to Acme Industrial Laundry, a family business established in 1929.