HORAN Wealth LLC Sells 7,765 Shares of Cintas Corporation $CTAS

HORAN Wealth LLC cut its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 47.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,433 shares of the business services provider’s stock after selling 7,765 shares during the quarter. HORAN Wealth LLC’s holdings in Cintas were worth $1,434,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Nemes Rush Group LLC purchased a new stake in Cintas during the fourth quarter worth about $25,000. Swiss RE Ltd. bought a new stake in Cintas in the fourth quarter worth about $25,000. Kemnay Advisory Services Inc. purchased a new position in Cintas in the fourth quarter valued at about $26,000. Triumph Capital Management purchased a new position in Cintas in the third quarter valued at about $29,000. Finally, Whipplewood Advisors LLC grew its position in shares of Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 137 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

Cintas stock opened at $200.47 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. Cintas Corporation has a one year low of $161.16 and a one year high of $219.16. The firm has a market capitalization of $80.22 billion, a P/E ratio of 53.60, a PEG ratio of 3.24 and a beta of 0.91. The business has a fifty day moving average price of $197.47 and a 200-day moving average price of $185.59.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the company earned $1.09 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, equities research analysts forecast that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s payout ratio is currently 55.61%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Bank of America upgraded shares of Cintas from a “neutral” rating to a “buy” rating and raised their price target for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. The Goldman Sachs Group reissued a “buy” rating and set a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. UBS Group reissued a “buy” rating and issued a $230.00 target price (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Robert W. Baird raised their target price on Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Finally, Argus upgraded Cintas to a “strong-buy” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $212.31.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.