Cintas Corporation $CTAS Shares Sold by HFR Wealth Management LLC

HFR Wealth Management LLC trimmed its position in Cintas Corporation (NASDAQ:CTAS) by 3.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 93,070 shares of the business services provider’s stock after selling 3,308 shares during the period. Cintas accounts for 4.8% of HFR Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. HFR Wealth Management LLC’s holdings in Cintas were worth $18,154,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CTAS. Meeder Asset Management Inc. acquired a new stake in Cintas during the 2nd quarter worth about $27,000. Archer Investment Corp purchased a new stake in Cintas during the 2nd quarter valued at about $32,000. Pension & Wealth Management Advisors Inc. purchased a new stake in Cintas during the 3rd quarter valued at about $37,000. Highland Investment Advisors LLC purchased a new stake in Cintas during the 2nd quarter valued at about $32,000. Finally, Pingora Partners LLC acquired a new position in shares of Cintas in the second quarter valued at about $34,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

NASDAQ:CTAS traded down $1.28 during mid-day trading on Friday, hitting $226.24. The company’s stock had a trading volume of 1,456,031 shares, compared to its average volume of 2,036,845. The business’s fifty day moving average is $208.94 and its two-hundred day moving average is $192.09. The stock has a market cap of $89.84 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 3.61 and a beta of 0.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $233.46.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The company’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Analysts anticipate that Cintas Corporation will post 5.53 EPS for the current fiscal year.

Cintas Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CTAS. Robert W. Baird set a $222.00 price objective on Cintas and gave the stock an “outperform” rating in a research note on Thursday, September 24th. UBS Group reiterated a “buy” rating and issued a $235.00 target price (up from $230.00) on shares of Cintas in a research report on Thursday, September 24th. Citigroup increased their price target on shares of 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 reissued a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research report on Thursday, September 24th. Finally, Truist Financial raised their price target on shares of Cintas from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Cintas presently has an average rating of “Moderate Buy” and an average target price of $219.87.

About Cintas

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.