Shell Asset Management Co. Reduces Position in Cintas Corporation $CTAS

Shell Asset Management Co. decreased its position in Cintas Corporation (NASDAQ:CTAS) by 83.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,504 shares of the business services provider’s stock after selling 28,022 shares during the period. Shell Asset Management Co.’s holdings in Cintas were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Cintas by 800.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after purchasing an additional 128 shares during the period. Golden State Wealth Management LLC raised its position in Cintas by 3,925.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after buying an additional 157 shares during the last quarter. Alpine Bank Wealth Management lifted its stake in Cintas by 1,092.9% during the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 153 shares during the period. Addison Advisors LLC boosted its holdings in shares of Cintas by 57.0% in the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 61 shares during the last quarter. Finally, WPG Advisers LLC increased its stake in shares of Cintas by 90.0% in the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Down 1.4%

Shares of CTAS stock opened at $193.44 on Monday. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24. The company has a market cap of $77.35 billion, a price-to-earnings ratio of 56.40, a PEG ratio of 3.31 and a beta of 0.95. 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 stock has a 50 day simple moving average of $190.94 and a 200-day simple moving average of $196.18.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, equities research analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas announced that its Board of Directors has initiated a share buyback program on Tuesday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be issued 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 payout ratio is presently 52.48%.

Analyst Ratings Changes

Several equities research analysts have weighed in on CTAS shares. Morgan Stanley cut their price target on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research report on Friday, December 19th. Argus upgraded Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Finally, Sanford C. Bernstein began coverage on shares of Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.08.

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.