Paragon Advisors LLC Decreases Stake in Cintas Corporation $CTAS

Paragon Advisors LLC cut its position in shares of Cintas Corporation (NASDAQ:CTAS) by 27.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 9,155 shares of the business services provider’s stock after selling 3,436 shares during the period. Paragon Advisors LLC’s holdings in Cintas were worth $1,879,000 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 company. Norges Bank purchased a new position in shares of Cintas in the 2nd quarter worth $925,531,000. Los Angeles Capital Management LLC boosted its stake in shares of Cintas by 90.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,214,098 shares of the business services provider’s stock worth $270,586,000 after purchasing an additional 575,372 shares during the period. Panagora Asset Management Inc. lifted its stake in 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. Vanguard Group Inc. boosted its position in shares of Cintas by 1.4% during the second quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock valued at $8,554,672,000 after buying an additional 524,829 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Cintas by 11.2% during the second quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock valued at $1,094,596,000 after purchasing an additional 495,486 shares during the period. Institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. 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. Argus raised Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Morgan Stanley lowered their target price on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Redburn Partners set a $184.00 target price on shares of Cintas in a research note on Tuesday, November 11th. Finally, UBS Group restated a “buy” rating on shares of Cintas in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $214.86.

Cintas Stock Performance

CTAS opened at $189.16 on Thursday. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. The firm has a fifty day moving average price of $188.65 and a 200 day moving average price of $198.54. The stock has a market cap of $75.64 billion, a P/E ratio of 55.15, a P/E/G ratio of 3.27 and a beta of 0.97.

Cintas (NASDAQ:CTAS) last posted 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 analysts’ expectations of $2.77 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities research analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Cintas’s payout ratio is 52.48%.

Cintas declared that its board has initiated a stock buyback program on Tuesday, October 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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.