First Trust Advisors LP Has $84.91 Million Stock Position in Cintas Corporation $CTAS

First Trust Advisors LP increased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 2.5% in the third quarter, HoldingsChannel reports. The firm owned 413,665 shares of the business services provider’s stock after buying an additional 10,249 shares during the period. First Trust Advisors LP’s holdings in Cintas were worth $84,909,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CTAS. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Cintas by 2.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,876 shares of the business services provider’s stock valued at $20,501,000 after purchasing an additional 2,628 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Cintas by 1.5% in the third quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock valued at $7,994,594,000 after purchasing an additional 564,487 shares during the last quarter. HBK Sorce Advisory LLC raised its position in shares of Cintas by 197.4% in the third quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock valued at $1,858,000 after purchasing an additional 6,202 shares during the period. Scalar Gauge Management LLC raised its position in shares of Cintas by 210.0% in the third quarter. Scalar Gauge Management LLC now owns 31,000 shares of the business services provider’s stock valued at $6,363,000 after purchasing an additional 21,000 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its stake in shares of Cintas by 2.3% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 150,809 shares of the business services provider’s stock worth $30,955,000 after buying an additional 3,397 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group reiterated a “buy” rating on shares of Cintas in a research note on Friday, December 19th. Sanford C. Bernstein initiated coverage on shares of Cintas in a research report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective for the company. Argus upgraded Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a research report on Friday, December 19th. Finally, Bank of America began coverage on Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cintas has an average rating of “Hold” and a consensus price target of $218.17.

Cintas Price Performance

NASDAQ:CTAS opened at $200.77 on Tuesday. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. The firm’s 50-day simple moving average is $194.55 and its 200 day simple moving average is $193.71. The firm has a market cap of $80.29 billion, a price-to-earnings ratio of 58.53, a P/E/G ratio of 3.67 and a beta of 0.95.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data 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 net margin of 17.58% and a return on equity of 41.07%. The firm 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 firm posted $1.09 EPS. The business’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, sell-side analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given 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 0.9%. Cintas’s dividend payout ratio is currently 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.