XTX Topco Ltd Cuts Holdings in Cintas Corporation $CTAS

XTX Topco Ltd decreased its position in Cintas Corporation (NASDAQ:CTAS) by 68.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,371 shares of the business services provider’s stock after selling 13,656 shares during the period. XTX Topco Ltd’s holdings in Cintas were worth $1,420,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CTAS. WPG Advisers LLC purchased a new stake in shares of Cintas during the first quarter valued at approximately $27,000. Saudi Central Bank purchased a new stake in shares of Cintas during the 1st quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC raised its stake in shares of Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after purchasing an additional 128 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of Cintas by 3,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after buying an additional 157 shares during the last quarter. Finally, Addison Advisors LLC grew its position in Cintas by 57.0% during 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 period. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 0.8%

NASDAQ:CTAS opened at $186.10 on Friday. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The stock’s fifty day moving average price is $190.60 and its two-hundred day moving average price is $208.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The company has a market cap 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.

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

Cintas announced that its board has authorized 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 reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Cintas Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, November 14th. Cintas’s dividend payout ratio (DPR) is 40.82%.

Analysts Set New Price Targets

Several analysts have commented on CTAS shares. Redburn Partners set a $184.00 price objective on shares of Cintas in a research 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 target on the stock in a report on Tuesday, November 11th. Citigroup increased their price objective on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. Sanford C. Bernstein started coverage on Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently 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.