Cintas Corporation $CTAS Stock: Robeco Schweiz AG Cuts Holdings

Robeco Schweiz AG decreased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CTAS. Whipplewood Advisors LLC raised its holdings in Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after purchasing an additional 137 shares during the period. First United Bank & Trust bought a new position in shares of Cintas during the first quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in shares of Cintas in the 2nd quarter valued at $27,000. Archer Investment Corp acquired a new position in shares of Cintas in the 1st quarter valued at $32,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new position in shares of Cintas in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

CTAS has been the subject of a number of recent analyst reports. Robert W. Baird set a $222.00 price objective on shares of Cintas and gave the company an “outperform” rating in a research report on Thursday, September 24th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $200.00 to $230.00 in a report on Thursday, July 16th. Argus boosted their target price on Cintas from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Truist Financial increased their price target on Cintas from $225.00 to $230.00 and gave the stock a “buy” rating in a 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 investment 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.50.

Cintas Stock Performance

Shares of CTAS opened at $224.10 on Friday. 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 $225.79. The firm’s 50 day moving average price is $202.71 and its two-hundred day moving average price is $188.91. The firm has a market cap of $88.98 billion, a P/E ratio of 44.20, a PEG ratio of 3.55 and a beta of 0.92.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data 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 company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The firm’s 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, analysts forecast that Cintas Corporation will post 5.53 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were issued a dividend of $0.52 per share. This is a boost from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. Cintas’s dividend payout ratio is currently 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.