Rakuten Investment Management Inc. Makes New $32.54 Million Investment in Cintas Corporation $CTAS

Rakuten Investment Management Inc. purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 158,513 shares of the business services provider’s stock, valued at approximately $32,536,000.

A number of other hedge funds have also recently made changes to their positions in CTAS. Alpha Financial Partners LLC grew its holdings in shares of Cintas by 2.9% during the 2nd quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock valued at $357,000 after purchasing an additional 45 shares during the last quarter. Portside Wealth Group LLC boosted its position in Cintas by 3.5% during the second quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock valued at $303,000 after buying an additional 46 shares during the period. Elyxium Wealth LLC grew its stake in shares of Cintas by 3.8% during 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 during the last quarter. Independent Wealth Network Inc. increased its holdings in shares of Cintas by 4.8% in the second quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock worth $240,000 after buying an additional 49 shares during the period. Finally, PDS Planning Inc lifted its stake in shares of Cintas by 2.0% in the 2nd quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock valued at $559,000 after acquiring an additional 49 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

Shares of CTAS stock opened at $193.74 on Wednesday. The business’s fifty day moving average is $187.76 and its 200 day moving average is $199.42. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The stock has a market cap of $77.47 billion, a price-to-earnings ratio of 56.48, a PEG ratio of 3.35 and a beta of 0.97. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Research analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas’s payout ratio is presently 52.48%.

Cintas announced that its Board of Directors has approved a share repurchase program on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a report on Friday, December 19th. Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and lifted their price target for the company from $205.00 to $245.00 in a report on Wednesday, January 14th. Finally, UBS Group restated a “buy” rating on shares of Cintas in a report on Friday, December 19th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $214.86.

Cintas Company Profile

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.