Chevy Chase Trust Holdings LLC Has $36.02 Million Stake in Cintas Corporation $CTAS

Chevy Chase Trust Holdings LLC reduced its stake in Cintas Corporation (NASDAQ:CTAS) by 3.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 175,469 shares of the business services provider’s stock after selling 6,462 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Cintas were worth $36,017,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 108 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Cintas by 42.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 428 shares during the period. Advisors Capital Management LLC grew its holdings in shares of Cintas by 21.6% during the 2nd quarter. Advisors Capital Management LLC now owns 4,701 shares of the business services provider’s stock worth $1,048,000 after purchasing an additional 834 shares in the last quarter. CFO4Life Group LLC increased its position in shares of Cintas by 8.6% in the second quarter. CFO4Life Group LLC now owns 1,134 shares of the business services provider’s stock worth $253,000 after purchasing an additional 90 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Cintas by 7.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 84,176 shares of the business services provider’s stock worth $18,760,000 after purchasing an additional 5,733 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

CTAS has been the subject of several recent analyst reports. Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and upped their price objective for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. Morgan Stanley decreased their target price on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Argus upgraded shares of Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Robert W. Baird raised shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target for the company in a report on Wednesday, March 11th. Finally, Citigroup reiterated a “sell” rating and set a $181.00 price target (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.25.

Cintas Price Performance

Shares of CTAS stock opened at $194.28 on Monday. The business has a fifty day simple moving average of $195.16 and a 200 day simple moving average of $193.20. The company has a market cap of $77.69 billion, a P/E ratio of 56.64, a P/E/G ratio of 3.50 and a beta of 0.95. 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 twelve month low of $180.39 and a twelve month high of $229.24.

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. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, sell-side analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s payout ratio is 52.48%.

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.