Schroder Investment Management Group Sells 56,267 Shares of Cintas Corporation $CTAS

Schroder Investment Management Group lessened its stake in Cintas Corporation (NASDAQ:CTAS) by 6.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 878,013 shares of the business services provider’s stock after selling 56,267 shares during the quarter. Schroder Investment Management Group’s holdings in Cintas were worth $195,683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Focus Partners Wealth lifted its stake in Cintas by 16.5% in the first quarter. Focus Partners Wealth now owns 25,040 shares of the business services provider’s stock worth $5,147,000 after purchasing an additional 3,554 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Cintas by 25.5% in the first quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock worth $162,615,000 after buying an additional 160,820 shares during the period. Merit Financial Group LLC raised its holdings in shares of Cintas by 11.2% in the second quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock worth $3,225,000 after buying an additional 1,459 shares during the period. Axiom Investors LLC DE lifted its stake in shares of Cintas by 16.2% during the 1st quarter. Axiom Investors LLC DE now owns 1,058,843 shares of the business services provider’s stock worth $217,624,000 after acquiring an additional 147,851 shares during the last quarter. Finally, Comerica Bank boosted its holdings in Cintas by 9.8% during the 1st quarter. Comerica Bank now owns 91,991 shares of the business services provider’s stock valued at $18,907,000 after acquiring an additional 8,215 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of CTAS opened at $186.10 on Friday. The company has a 50 day moving average price of $190.60 and a 200-day moving average price of $208.24. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. The stock has a market capitalization of $74.79 billion, a PE ratio of 42.20, a PEG ratio of 3.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24.

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, beating the consensus estimate of $1.19 by $0.01. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. Cintas’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas announced that its Board of Directors has authorized a share repurchase plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are 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 given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 14th. Cintas’s payout ratio is presently 40.82%.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of recent analyst reports. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 target price on the stock in a research note on Tuesday, November 11th. Citigroup raised their price target on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research note on Friday, September 26th. Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada reduced their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 25th. Finally, Redburn Partners set a $184.00 price target on Cintas in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.