NorthCrest Asset Manangement LLC Increases Holdings in Cintas Corporation $CTAS

NorthCrest Asset Manangement LLC grew its stake in Cintas Corporation (NASDAQ:CTAS) by 270.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,546 shares of the business services provider’s stock after acquiring an additional 2,589 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Cintas were worth $706,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Cintas by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after purchasing an additional 524,829 shares in the last quarter. State Street Corp raised its holdings in Cintas by 0.5% in the second quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock worth $3,369,391,000 after buying an additional 82,029 shares during the last quarter. Geode Capital Management LLC raised its holdings in Cintas by 3.5% in the second quarter. Geode Capital Management LLC now owns 9,192,013 shares of the business services provider’s stock worth $2,049,017,000 after buying an additional 314,860 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Cintas by 11.2% in the second quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock worth $1,094,596,000 after buying an additional 495,486 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Cintas during the second quarter valued at approximately $925,531,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Up 0.9%

Cintas stock opened at $195.41 on Thursday. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24. The company has a market cap of $78.14 billion, a P/E ratio of 56.97, a P/E/G ratio of 3.32 and a beta of 0.97. 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 business has a 50-day simple moving average of $187.96 and a two-hundred day simple moving average of $199.39.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The firm’s revenue was up 9.3% compared to the same quarter last year. 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. Analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently announced 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. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s dividend payout ratio (DPR) is currently 52.48%.

Cintas announced that its board has initiated a stock buyback plan 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 plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a report on Friday, December 19th. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target for the company in a research note on Tuesday, November 11th. Robert W. Baird upped their price target on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Rothschild Redb raised Cintas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, UBS Group reissued a “buy” rating on shares of Cintas in a research report on Friday, December 19th. One investment 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $214.86.

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.