Groupama Asset Managment Invests $1.10 Million in Cintas Corporation $CTAS

Groupama Asset Managment acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 4,990 shares of the business services provider’s stock, valued at approximately $1,102,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of Cintas during the first quarter worth approximately $27,000. Saudi Central Bank acquired a new stake in Cintas during the 1st quarter worth $29,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Cintas by 800.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after buying an additional 128 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of Cintas by 3,925.0% in the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after buying an additional 157 shares during the last quarter. Finally, Addison Advisors LLC raised its position in shares of Cintas by 57.0% in the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after buying an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

NASDAQ:CTAS opened at $186.10 on Friday. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The stock’s fifty day moving average is $190.60 and its two-hundred day moving average is $208.24. The company has a market capitalization of $74.79 billion, a P/E ratio of 42.20, a P/E/G ratio of 3.18 and a beta of 0.99. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

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

Cintas Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently issued reports on CTAS. Citigroup upped their price objective on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. Royal Bank Of Canada lowered their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. Rothschild & Co Redburn raised Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target for the company in a report on Tuesday, November 11th. Rothschild Redb raised Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $212.71.

About Cintas

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.