Oribel Capital Management LP Makes New $28.24 Million Investment in Cintas Corporation $CTAS

Oribel Capital Management LP purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 126,700 shares of the business services provider’s stock, valued at approximately $28,238,000.

Other large investors also recently added to or reduced their stakes in the company. Focus Partners Wealth boosted its holdings in Cintas by 16.5% in the 1st quarter. Focus Partners Wealth now owns 25,040 shares of the business services provider’s stock worth $5,147,000 after buying an additional 3,554 shares during the period. BNP Paribas Financial Markets lifted its position in shares of 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 acquiring an additional 160,820 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of Cintas by 11.2% in the second quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock worth $3,225,000 after acquiring an additional 1,459 shares during the period. Axiom Investors LLC DE boosted its holdings in shares of Cintas by 16.2% in the first quarter. Axiom Investors LLC DE now owns 1,058,843 shares of the business services provider’s stock worth $217,624,000 after acquiring an additional 147,851 shares during the period. Finally, Comerica Bank grew 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 valued at $18,907,000 after purchasing an additional 8,215 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 1.5%

Shares of NASDAQ CTAS opened at $186.75 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average of $188.91 and a 200-day moving average of $207.02. The firm has a market capitalization of $75.05 billion, a price-to-earnings ratio of 42.35, a PEG ratio of 3.22 and a beta of 0.96. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business posted $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 expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas announced that its board has authorized a share buyback plan on Tuesday, October 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Cintas Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on CTAS. JPMorgan Chase & Co. dropped 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. Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Royal Bank Of Canada cut their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday, September 25th. Sanford C. Bernstein began coverage on shares of Cintas in a research note on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective for the company. Finally, Redburn Partners set a $184.00 target price on shares of Cintas in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $212.71.

Cintas 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.