NorthCrest Asset Manangement LLC Boosts Stock Position in Cintas Corporation $CTAS

NorthCrest Asset Manangement LLC lifted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 270.5% in the third quarter, HoldingsChannel reports. The fund owned 3,546 shares of the business services provider’s stock after acquiring an additional 2,589 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Cintas were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Cintas by 128.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 304,304 shares of the business services provider’s stock worth $60,608,000 after purchasing an additional 171,370 shares during the period. Quantum Portfolio Management LLC lifted its stake in shares of Cintas by 58.2% during the 3rd quarter. Quantum Portfolio Management LLC now owns 3,916 shares of the business services provider’s stock valued at $804,000 after buying an additional 1,440 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Cintas by 1.1% during the 3rd quarter. Amalgamated Bank now owns 81,672 shares of the business services provider’s stock valued at $16,764,000 after buying an additional 877 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in Cintas by 22.9% in the 3rd quarter. Resonant Capital Advisors LLC now owns 2,588 shares of the business services provider’s stock worth $531,000 after buying an additional 483 shares during the period. Finally, Maryland State Retirement & Pension System increased its stake in Cintas by 2.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 17,143 shares of the business services provider’s stock worth $3,519,000 after buying an additional 432 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

CTAS has been the topic of several research analyst reports. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective on the stock in a research report on Tuesday, November 11th. Redburn Partners set a $184.00 target price on Cintas 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 stock a “neutral” rating in a research note on Friday, December 19th. Citigroup reiterated a “sell” rating and set a $181.00 price objective (up previously from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Finally, Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and boosted their target price for the stock from $205.00 to $245.00 in a report on Wednesday, January 14th. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $214.86.

Cintas Trading Up 0.9%

CTAS opened at $195.41 on Thursday. The firm 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. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average of $187.96 and a 200 day moving average of $199.39.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, research analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given a $0.45 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas’s dividend payout ratio (DPR) is currently 52.48%.

Cintas announced that its board has initiated a stock buyback program on Tuesday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

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.