Resona Asset Management Co. Ltd. Reduces Holdings in Cintas Corporation $CTAS

Resona Asset Management Co. Ltd. trimmed its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 3.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 133,662 shares of the business services provider’s stock after selling 4,345 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Cintas were worth $27,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in shares of Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after purchasing an additional 108 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in Cintas by 42.3% during the second quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 428 shares during the period. Ballentine Partners LLC increased its position in Cintas by 39.1% in the second quarter. Ballentine Partners LLC now owns 3,557 shares of the business services provider’s stock worth $793,000 after buying an additional 999 shares in the last quarter. Perigon Wealth Management LLC raised its stake in shares of Cintas by 17.6% in the second quarter. Perigon Wealth Management LLC now owns 4,322 shares of the business services provider’s stock worth $963,000 after buying an additional 646 shares during the period. Finally, CX Institutional lifted its position in shares of Cintas by 7.2% during the 2nd quarter. CX Institutional now owns 2,185 shares of the business services provider’s stock valued at $487,000 after buying an additional 147 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $192.96 on Friday. The firm has a market cap of $77.16 billion, a price-to-earnings ratio of 56.26, a P/E/G ratio of 3.31 and a beta of 0.97. The firm has a fifty day moving average price of $188.19 and a 200 day moving average price of $199.06. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS 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 business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, sell-side analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

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

Cintas declared that its board has approved a share repurchase plan on Tuesday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CTAS shares. Rothschild & Co Redburn raised shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 target price for the company in a report on Tuesday, November 11th. Robert W. Baird increased their price objective on shares of Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Morgan Stanley decreased their price objective on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Rothschild Redb upgraded shares of Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Argus upgraded Cintas to a “strong-buy” rating in a research note on Wednesday. One investment 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. According to data from MarketBeat, 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.