Vanguard Group Inc. Purchases 564,487 Shares of Cintas Corporation $CTAS

Vanguard Group Inc. raised its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,948,620 shares of the business services provider’s stock after buying an additional 564,487 shares during the period. Vanguard Group Inc. owned about 9.69% of Cintas worth $7,994,594,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CTAS. Norges Bank bought a new position in Cintas in the 2nd quarter valued at $925,531,000. Los Angeles Capital Management LLC boosted its stake in shares of Cintas by 90.1% during the second 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 purchasing an additional 575,372 shares during the period. Panagora Asset Management Inc. grew its holdings in shares of Cintas by 264.9% in the second quarter. Panagora Asset Management Inc. now owns 776,042 shares of the business services provider’s stock worth $172,956,000 after purchasing an additional 563,366 shares during the last quarter. Invesco Ltd. increased its stake in Cintas by 11.2% in the 2nd quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock worth $1,094,596,000 after buying an additional 495,486 shares during the period. Finally, Sei Investments Co. lifted its holdings in Cintas by 246.2% during the 2nd quarter. Sei Investments Co. now owns 567,448 shares of the business services provider’s stock valued at $126,466,000 after buying an additional 403,555 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Trading Down 1.4%

Shares of NASDAQ:CTAS opened at $193.44 on Tuesday. The company has a market capitalization of $77.35 billion, a PE ratio of 56.40, a P/E/G ratio of 3.31 and a beta of 0.95. The company has a current ratio of 1.71, a quick ratio of 1.49 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 business’s fifty day simple moving average is $191.14 and its 200-day simple moving average is $195.98.

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

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be paid a $0.45 dividend. 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 52.48%.

Cintas announced that its board has authorized a share buyback program on Tuesday, October 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have commented on CTAS. Citigroup restated a “sell” rating and issued a $181.00 target price (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. UBS Group reiterated a “buy” rating on shares of Cintas in a report on Friday, December 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Robert W. Baird upped their target price on Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Finally, Argus raised Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cintas currently has an average rating of “Moderate Buy” and a consensus target price of $221.08.

Cintas Company 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.