DNB Asset Management AS Trims Stock Position in Cintas Corporation $CTAS

DNB Asset Management AS trimmed its position in Cintas Corporation (NASDAQ:CTAS) by 18.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,028 shares of the business services provider’s stock after selling 23,578 shares during the period. DNB Asset Management AS’s holdings in Cintas were worth $20,737,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. increased its stake in shares of Cintas by 89.3% during the third quarter. Mesirow Financial Investment Management Inc. now owns 3,846 shares of the business services provider’s stock worth $789,000 after acquiring an additional 1,814 shares during the period. Advisor OS LLC boosted its holdings in Cintas by 2.6% in the 3rd quarter. Advisor OS LLC now owns 4,434 shares of the business services provider’s stock valued at $910,000 after purchasing an additional 114 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Cintas by 3.8% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 798,227 shares of the business services provider’s stock worth $163,844,000 after purchasing an additional 28,907 shares during the period. Citizens Business Bank purchased a new position in shares of Cintas during the 3rd quarter worth approximately $206,000. Finally, AlphaCore Capital LLC boosted its stake in shares of Cintas by 114.6% in the third quarter. AlphaCore Capital LLC now owns 1,251 shares of the business services provider’s stock valued at $257,000 after buying an additional 668 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of CTAS opened at $201.13 on Friday. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The company’s 50 day simple moving average is $193.07 and its 200 day simple moving average is $194.75. The company has a market capitalization of $80.43 billion, a price-to-earnings ratio of 58.64, a PEG ratio of 3.58 and a beta of 0.95. 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 data 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 return on equity of 41.07% and a net margin of 17.58%.The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, sell-side analysts predict that Cintas Corporation will post 4.31 EPS for the current 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 given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s payout ratio is 52.48%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. Citigroup reaffirmed a “sell” rating and set a $181.00 price target (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a report on Friday, December 19th. Sanford C. Bernstein initiated coverage on shares of Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective on the stock. Finally, Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and upped their target price for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $218.17.

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.