Handelsbanken Fonder AB Increases Holdings in Cintas Corporation $CTAS

Handelsbanken Fonder AB raised its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 4.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 100,194 shares of the business services provider’s stock after buying an additional 4,403 shares during the quarter. Handelsbanken Fonder AB’s holdings in Cintas were worth $20,566,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CTAS. Brighton Jones LLC increased its stake in Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 108 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Cintas by 42.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock valued at $321,000 after buying an additional 428 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Cintas in the 2nd quarter valued at $295,000. Arkadios Wealth Advisors purchased a new position in shares of Cintas in the 2nd quarter valued at $213,000. Finally, Assetmark Inc. raised its stake in Cintas by 38.3% during the 2nd quarter. Assetmark Inc. now owns 12,607 shares of the business services provider’s stock worth $2,810,000 after acquiring an additional 3,492 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

CTAS has been the subject of several research analyst reports. Bank of America initiated coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective for the company. Robert W. Baird boosted their target price on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Rothschild & Co Redburn set a $184.00 target price on Cintas in a research report on Tuesday, November 11th. Sanford C. Bernstein assumed coverage on Cintas in a research report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $218.17.

Cintas Stock Up 1.4%

Cintas stock opened at $201.13 on Friday. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The stock has a 50 day moving average of $193.07 and a two-hundred day moving average of $194.55. 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 market capitalization of $80.43 billion, a price-to-earnings ratio of 58.64, a PEG ratio of 3.63 and a beta of 0.95.

Cintas (NASDAQ:CTAS) last released its earnings results 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. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter 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, research analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently disclosed 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. 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 is presently 52.48%.

About Cintas

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.