7,394 Shares in Cintas Corporation $CTAS Bought by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH bought a new stake in Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,394 shares of the business services provider’s stock, valued at approximately $1,648,000.

A number of other institutional investors also recently bought and sold shares of CTAS. Norges Bank acquired a new position in shares of Cintas during the 2nd quarter worth about $925,531,000. Voya Investment Management LLC lifted its stake in Cintas by 516.8% during the first quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock worth $175,529,000 after purchasing an additional 715,570 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in Cintas by 90.1% in the second quarter. Los Angeles Capital Management LLC now owns 1,214,098 shares of the business services provider’s stock valued at $270,586,000 after purchasing an additional 575,372 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Cintas by 169.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider’s stock valued at $187,235,000 after purchasing an additional 573,151 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in Cintas by 264.9% during the second quarter. Panagora Asset Management Inc. now owns 776,042 shares of the business services provider’s stock worth $172,956,000 after purchasing an additional 563,366 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Down 0.7%

Shares of CTAS stock opened at $187.53 on Monday. The company has a market capitalization of $75.36 billion, a P/E ratio of 42.52, a price-to-earnings-growth ratio of 3.24 and a beta of 0.96. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $187.11 and its two-hundred day moving average is $205.59. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24.

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

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Cintas’s payout ratio is presently 40.82%.

Cintas declared that its board has initiated a stock repurchase program on Tuesday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CTAS shares. Royal Bank Of Canada lowered their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a report on Thursday, September 25th. Redburn Partners set a $184.00 target price on Cintas in a report on Tuesday, November 11th. Rothschild Redb upgraded Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Citigroup lifted their price target on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research report on Friday, September 26th. Finally, JPMorgan Chase & Co. decreased their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Cintas has a consensus rating of “Hold” and an average price target of $212.71.

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.