KLP Kapitalforvaltning AS Has $48.47 Million Stock Holdings in Cintas Corporation $CTAS

KLP Kapitalforvaltning AS raised its holdings in Cintas Corporation (NASDAQ:CTAS) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 217,500 shares of the business services provider’s stock after buying an additional 7,600 shares during the period. KLP Kapitalforvaltning AS owned about 0.05% of Cintas worth $48,474,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC bought a new position in Cintas in the 1st quarter valued at about $27,000. Saudi Central Bank bought a new stake in Cintas during the 1st quarter worth approximately $29,000. Stone House Investment Management LLC purchased a new stake in shares of Cintas in the first quarter worth approximately $41,000. Resources Management Corp CT ADV bought a new position in shares of Cintas in the first quarter valued at approximately $41,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Cintas by 646.4% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 181 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Trading Down 1.8%

Shares of CTAS stock opened at $199.04 on Tuesday. The company has a 50 day moving average of $210.57 and a 200-day moving average of $213.29. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The firm has a market cap of $80.21 billion, a P/E ratio of 45.13, a PEG ratio of 3.50 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. Cintas’s revenue for the quarter was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Sell-side analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were issued a $0.45 dividend. This is an increase from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas’s payout ratio is 40.82%.

Insider Activity at Cintas

In other Cintas news, Director Martin Mucci bought 1,200 shares of Cintas stock in a transaction dated Monday, July 21st. The stock was purchased at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the purchase, the director directly owned 2,621 shares of the company’s stock, valued at approximately $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald W. Tysoe sold 5,084 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the sale, the director owned 21,945 shares in the company, valued at $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CTAS shares. Citigroup upped their price target on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. UBS Group lifted their price objective on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, July 18th. JPMorgan Chase & Co. reduced their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Wells Fargo & Company dropped their price target on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, Morgan Stanley boosted their price target on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $222.09.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.