Cintas Corporation $CTAS Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 25.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,999 shares of the business services provider’s stock after selling 38,828 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Cintas were worth $24,738,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its position in Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after buying an additional 108 shares during the period. Virtu Financial LLC purchased a new stake in shares of Cintas during the 1st quarter worth about $440,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Cintas by 4.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 77,748 shares of the business services provider’s stock valued at $15,980,000 after acquiring an additional 3,300 shares during the period. Vestmark Advisory Solutions Inc. increased its stake in shares of Cintas by 95.9% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 38,256 shares of the business services provider’s stock valued at $7,863,000 after purchasing an additional 18,723 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC acquired a new position in Cintas in the 1st quarter worth about $247,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ:CTAS opened at $187.53 on Friday. The company has a market cap of $75.36 billion, a P/E ratio of 42.52, a P/E/G ratio of 3.26 and a beta of 0.96. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The company’s 50-day moving average price is $187.11 and its 200-day moving average price is $205.86. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51.

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

Cintas Dividend Announcement

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

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CTAS. 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 objective for the company. Redburn Partners set a $184.00 price target on shares of Cintas in a report on Tuesday, November 11th. Rothschild & Co Redburn raised shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective on the stock in a report on Tuesday, November 11th. JPMorgan Chase & Co. cut their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $212.71.

Cintas 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.