Cintas Corporation $CTAS Stock Sold by Strategic Planning Group LLC

Strategic Planning Group LLC reduced its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 29.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,917 shares of the business services provider’s stock after selling 23,982 shares during the quarter. Strategic Planning Group LLC’s holdings in Cintas were worth $11,102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its stake in shares of Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after buying an additional 137 shares during the last quarter. First United Bank & Trust purchased a new position in shares of Cintas in the first quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in shares of Cintas in the second quarter worth about $27,000. Archer Investment Corp purchased a new position in shares of Cintas during the 1st quarter valued at $32,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new stake in Cintas during the 3rd quarter valued at approximately $37,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Up 1.8%

CTAS opened at $224.04 on Friday. The firm has a market cap of $88.96 billion, a price-to-earnings ratio of 44.19, a PEG ratio of 3.49 and a beta of 0.92. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $202.22 and a 200-day moving average price of $188.67. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $225.43.

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 analysts’ consensus estimates 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 analysts’ expectations of $2.98 billion. During the same quarter last year, the company posted $1.20 earnings per share. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, equities research analysts anticipate that Cintas Corporation will post 5.53 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently announced 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. This is an increase from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 14th. Cintas’s dividend payout ratio is presently 41.03%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CTAS shares. The Goldman Sachs Group increased their target price on Cintas from $231.00 to $239.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Jefferies Financial Group upped their price target on shares of Cintas from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Citigroup increased their price objective on shares of Cintas from $180.00 to $181.00 and gave the company a “sell” rating in a research report on Wednesday, September 30th. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research report on Thursday, September 24th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cintas currently has an average rating of “Moderate Buy” and an average price target of $218.50.

About Cintas

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.