Cintas Corporation $CTAS Holdings Trimmed by Andra AP fonden

Andra AP fonden reduced its position in shares of Cintas Corporation (NASDAQ:CTAS) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 144,900 shares of the business services provider’s stock after selling 12,600 shares during the quarter. Andra AP fonden’s holdings in Cintas were worth $32,294,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CTAS. Crestwood Advisors Group LLC acquired a new stake in shares of Cintas in the 1st quarter valued at $270,000. BNP Paribas Financial Markets increased its position in Cintas by 25.5% during the first quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock worth $162,615,000 after buying an additional 160,820 shares during the last quarter. Merit Financial Group LLC raised its holdings in Cintas by 11.2% during the second quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock valued at $3,225,000 after buying an additional 1,459 shares in the last quarter. Comerica Bank lifted its position in shares of Cintas by 9.8% in the first quarter. Comerica Bank now owns 91,991 shares of the business services provider’s stock worth $18,907,000 after buying an additional 8,215 shares during the last quarter. Finally, Canopy Partners LLC acquired a new stake in shares of Cintas in the first quarter worth about $329,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $185.81 on Thursday. The firm has a market capitalization of $74.67 billion, a PE ratio of 42.13, a PEG ratio of 3.18 and a beta of 0.99. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24. The business’s 50 day moving average is $197.01 and its 200-day moving average is $211.33.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping 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 firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the business earned $1.10 earnings per share. Cintas’s quarterly revenue was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Sell-side analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas declared that its Board of Directors has initiated a share buyback program on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, November 14th. Cintas’s payout ratio is 40.82%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CTAS shares. JPMorgan Chase & Co. lowered their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Robert W. Baird increased their price target on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Royal Bank Of Canada dropped their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 25th. Morgan Stanley boosted their price objective on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company lowered their target price on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. One research 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, Cintas currently has an average rating of “Hold” and a consensus price target 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.