Rakuten Investment Management Inc. Acquires Shares of 158,513 Cintas Corporation $CTAS

Rakuten Investment Management Inc. bought a new position in Cintas Corporation (NASDAQ:CTAS) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 158,513 shares of the business services provider’s stock, valued at approximately $32,536,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Canopy Partners LLC raised its position in shares of Cintas by 13.0% in the 3rd quarter. Canopy Partners LLC now owns 2,542 shares of the business services provider’s stock worth $522,000 after purchasing an additional 292 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Cintas by 75.4% in the third quarter. Arkadios Wealth Advisors now owns 1,679 shares of the business services provider’s stock worth $345,000 after buying an additional 722 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its stake in shares of Cintas by 45.5% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 2,256 shares of the business services provider’s stock worth $463,000 after buying an additional 705 shares in the last quarter. WPG Advisers LLC grew its holdings in shares of Cintas by 90.0% during the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after buying an additional 81 shares during the last quarter. Finally, Mizuho Markets Americas LLC grew its holdings in shares of Cintas by 6.5% during the third quarter. Mizuho Markets Americas LLC now owns 1,266 shares of the business services provider’s stock valued at $260,000 after buying an additional 77 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Down 0.9%

Cintas stock opened at $193.74 on Wednesday. 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 $77.47 billion, a P/E ratio of 56.48, a P/E/G ratio of 3.35 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 $187.76 and a two-hundred day simple moving average of $199.42.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the business earned $1.09 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s payout ratio is presently 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 Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a research report on Friday, December 19th. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and increased their price objective for the company from $205.00 to $245.00 in a research report on Wednesday, January 14th. Sanford C. Bernstein began coverage on Cintas in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price for the company. Morgan Stanley dropped their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Finally, Robert W. Baird boosted their price objective on shares of Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $214.86.

Cintas Profile

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.