Independent Advisor Alliance Has $14.83 Million Stake in Cintas Corporation $CTAS

Independent Advisor Alliance lowered its position in shares of Cintas Corporation (NASDAQ:CTAS) by 8.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,224 shares of the business services provider’s stock after selling 6,858 shares during the quarter. Independent Advisor Alliance’s holdings in Cintas were worth $14,825,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in Cintas in the second quarter worth $925,531,000. Los Angeles Capital Management LLC lifted its position in Cintas by 90.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,214,098 shares of the business services provider’s stock valued at $270,586,000 after acquiring an additional 575,372 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Cintas by 264.9% during the second quarter. Panagora Asset Management Inc. now owns 776,042 shares of the business services provider’s stock valued at $172,956,000 after buying an additional 563,366 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Cintas by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after acquiring an additional 524,829 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Cintas by 11.2% during the second quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock worth $1,094,596,000 after purchasing an additional 495,486 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CTAS. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price target on shares of Cintas in a report on Friday, December 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and raised their price target for the stock from $205.00 to $245.00 in a report on Wednesday, January 14th. Citigroup restated a “sell” rating and issued a $181.00 price objective (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Finally, Rothschild & Co Redburn raised Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective for the company in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus price target of $214.86.

Cintas Stock Performance

NASDAQ CTAS opened at $191.39 on Friday. The company has a 50-day simple moving average of $188.90 and a two-hundred day simple moving average of $198.20. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. The firm has a market cap of $76.53 billion, a price-to-earnings ratio of 55.80, a PEG ratio of 3.25 and a beta of 0.97.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. The firm’s 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 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas declared that its Board of Directors has approved a stock 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 reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Cintas Dividend Announcement

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

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.