Cintas Corporation $CTAS Shares Sold by Candriam S.C.A.

Candriam S.C.A. cut its holdings in Cintas Corporation (NASDAQ:CTAS) by 0.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 298,207 shares of the business services provider’s stock after selling 843 shares during the quarter. Candriam S.C.A.’s holdings in Cintas were worth $66,464,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Alpha Financial Partners LLC raised its holdings in shares of Cintas by 2.9% in the 2nd quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock worth $357,000 after purchasing an additional 45 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its position in Cintas by 3.9% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock worth $258,000 after buying an additional 47 shares during the last quarter. Elyxium Wealth LLC increased its holdings in shares of Cintas by 3.8% in the second quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock valued at $295,000 after buying an additional 48 shares in the last quarter. Oarsman Capital Inc. increased its holdings in shares of Cintas by 3.9% in the first quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock valued at $272,000 after buying an additional 49 shares in the last quarter. Finally, Independent Wealth Network Inc. lifted its position in shares of Cintas by 4.8% during the 2nd quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 49 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Down 0.3%

Cintas stock opened at $185.28 on Thursday. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The firm has a market cap of $74.46 billion, a PE ratio of 42.01, a P/E/G ratio of 3.18 and a beta of 0.99. The firm’s 50 day moving average price is $194.74 and its two-hundred day moving average price is $210.59.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. Cintas’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, research analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s dividend payout ratio (DPR) is currently 40.82%.

Cintas announced that its Board of Directors has initiated a share buyback program on Tuesday, October 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

CTAS has been the topic of a number of recent analyst reports. UBS Group boosted their target price on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. Sanford C. Bernstein initiated coverage on shares of Cintas in a report on Wednesday. They issued a “market perform” rating and a $200.00 target price for the company. Morgan Stanley lifted their target price on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Finally, Robert W. Baird upped their price target on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Cintas presently has a consensus rating of “Hold” and a consensus target price of $215.07.

Cintas Company Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.