Rossby Financial LCC Lowers Stock Holdings in Cintas Corporation $CTAS

Rossby Financial LCC trimmed its position in shares of Cintas Corporation (NASDAQ:CTAS) by 33.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 568 shares of the business services provider’s stock after selling 280 shares during the quarter. Rossby Financial LCC’s holdings in Cintas were worth $127,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in Cintas during the 1st quarter valued at about $27,000. Saudi Central Bank purchased a new position in Cintas during the 1st quarter valued at about $29,000. Stone House Investment Management LLC purchased a new position in Cintas during the 1st quarter valued at about $41,000. Resources Management Corp CT ADV purchased a new position in Cintas during the 1st quarter valued at about $41,000. Finally, Washington Trust Advisors Inc. purchased a new position in Cintas during the 1st quarter valued at about $46,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Price Performance

CTAS stock opened at $189.89 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The firm has a market capitalization of $76.31 billion, a P/E ratio of 43.06, a P/E/G ratio of 3.26 and a beta of 1.01. The business’s 50-day moving average is $200.68 and its two-hundred day moving average is $212.29. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24.

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

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup raised their target price on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. Robert W. Baird increased their price target on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a research report on Wednesday, October 8th. The Goldman Sachs Group increased their price target on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, Morgan Stanley increased their price target on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $222.09.

Cintas Company Profile

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.