Cibc World Market Inc. Increases Stock Holdings in Cintas Corporation $CTAS

Cibc World Market Inc. grew its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 33.3% during the third quarter, Holdings Channel reports. The firm owned 33,433 shares of the business services provider’s stock after purchasing an additional 8,346 shares during the period. Cibc World Market Inc.’s holdings in Cintas were worth $6,862,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Portside Wealth Group LLC grew its holdings in shares of Cintas by 3.5% during the second quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock worth $303,000 after purchasing an additional 46 shares during the last quarter. Elyxium Wealth LLC boosted its position in shares of Cintas by 3.8% in the 2nd quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 48 shares during the period. Beacon Investment Advisors LLC grew its stake in Cintas by 3.2% during the 2nd quarter. Beacon Investment Advisors LLC now owns 1,725 shares of the business services provider’s stock worth $381,000 after buying an additional 53 shares during the last quarter. CreativeOne Wealth LLC increased its position in Cintas by 0.3% during the second quarter. CreativeOne Wealth LLC now owns 16,697 shares of the business services provider’s stock worth $3,721,000 after buying an additional 54 shares during the period. Finally, Woodward Diversified Capital LLC lifted its stake in Cintas by 4.7% in the third quarter. Woodward Diversified Capital LLC now owns 1,229 shares of the business services provider’s stock valued at $252,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

Cintas stock opened at $193.44 on Friday. The company has a market cap of $77.35 billion, a P/E ratio of 56.40, a price-to-earnings-growth ratio of 3.36 and a beta of 0.95. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24. The business has a fifty day moving average of $190.94 and a two-hundred day moving average of $196.55. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71.

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. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the business earned $1.09 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be issued a $0.45 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s dividend payout ratio is currently 52.48%.

Cintas announced that its board has approved a share buyback program on Tuesday, October 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CTAS shares. Citigroup restated a “sell” rating and set a $181.00 target price (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Morgan Stanley lowered their price objective on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Rothschild & Co Redburn set a $184.00 target price on shares of Cintas in a report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. Finally, Sanford C. Bernstein assumed coverage on Cintas in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $221.08.

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.