Vise Technologies Inc. Acquires 4,377 Shares of Cintas Corporation $CTAS

Vise Technologies Inc. lifted its holdings in Cintas Corporation (NASDAQ:CTAS) by 11.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 43,709 shares of the business services provider’s stock after acquiring an additional 4,377 shares during the quarter. Vise Technologies Inc.’s holdings in Cintas were worth $8,526,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new position in Cintas during the second quarter valued at approximately $4,520,425,000. Bank of New York Mellon Corp bought a new position in Cintas in the second quarter worth approximately $644,334,000. Legal & General Group Plc bought a new position in Cintas in the second quarter worth approximately $386,159,000. Bank of America Corp DE purchased a new stake in Cintas during the second quarter worth $233,111,000. Finally, Deutsche Bank AG purchased a new stake in Cintas during the second quarter worth $204,831,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ:CTAS opened at $219.82 on Monday. The stock has a market capitalization of $87.29 billion, a price-to-earnings ratio of 43.36, a PEG ratio of 3.49 and a beta of 0.86. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $226.68. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $204.45 and a 200 day moving average of $190.50.

Cintas (NASDAQ:CTAS) last issued 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 return on equity of 42.57% and a net margin of 17.82%. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the firm 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, sell-side analysts anticipate that Cintas Corporation will post 5.53 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 13th will be paid a $0.52 dividend. The ex-dividend date is Friday, November 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. Cintas’s dividend payout ratio (DPR) is 41.03%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cintas in a research report on Thursday, September 10th. Truist Financial upped their price objective on Cintas from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. UBS Group reiterated a “buy” rating and issued a $235.00 target price (up from $230.00) on shares of Cintas in a research note on Thursday, September 24th. Finally, Argus boosted their target price on shares of Cintas from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, September 29th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $218.62.

Cintas News Summary

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: A report that the Federal Trade Commission has not indicated it will block the UniFirst transaction narrowed the deal spread and reduced near-term fears of a failed acquisition. The deal could expand Cintas’s scale and market position if completed. UniFirst/Cintas spread narrows on report FTC hasn’t indicated it will block deal
• Positive Sentiment: Investor letters cited solid earnings, operational execution and record fourth-quarter margins, alongside a higher outlook. Cintas previously exceeded quarterly EPS and revenue expectations, with revenue up 10.9% year over year, reinforcing confidence in demand and profitability. Cintas Corporation Gains as Record Q4 Margins Fuel Guidance Increase
• Positive Sentiment: The board approved a quarterly dividend of $0.52 per share, supporting Cintas’s shareholder-return profile. Cintas approves dividend
• Neutral Sentiment: Shareholders approved Cintas’s reincorporation proposal and board slate, removing a governance-related uncertainty but offering limited immediate earnings impact. Cintas Shareholders Approve Reincorporation and Board Slate
• Negative Sentiment: The FTC may still sue to block the UniFirst deal. A failed transaction could require Cintas to pay a $350 million termination fee and eliminate the anticipated strategic benefits. FTC Puts a Wrinkle in the Cintas and UniFirst Merger

Cintas Company Profile

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.