Temasek Holdings Private Ltd Buys Shares of 36,405 Cintas Corporation $CTAS

Temasek Holdings Private Ltd acquired a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,405 shares of the business services provider’s stock, valued at approximately $8,114,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. Brighton Jones LLC boosted its stake in shares of Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after buying an additional 108 shares during the last quarter. Cary Street Partners Financial LLC lifted its holdings in Cintas by 30.9% in the first quarter. Cary Street Partners Financial LLC now owns 914 shares of the business services provider’s stock valued at $188,000 after acquiring an additional 216 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of Cintas by 43.6% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,875 shares of the business services provider’s stock valued at $403,000 after purchasing an additional 569 shares during the period. Savvy Advisors Inc. increased its position in shares of Cintas by 26.6% during the 1st quarter. Savvy Advisors Inc. now owns 1,568 shares of the business services provider’s stock valued at $322,000 after purchasing an additional 329 shares during the last quarter. Finally, Frank Rimerman Advisors LLC lifted its stake in shares of Cintas by 4.9% in the 1st quarter. Frank Rimerman Advisors LLC now owns 6,469 shares of the business services provider’s stock worth $1,330,000 after purchasing an additional 302 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 1.5%

Shares of CTAS opened at $186.75 on Monday. The business’s 50 day moving average is $188.91 and its 200 day moving average is $206.92. The company has a market capitalization of $75.05 billion, a PE ratio of 42.35, a price-to-earnings-growth 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. 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 (NASDAQ:CTAS) last announced its quarterly earnings data 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 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 last year, the firm posted $1.10 EPS. The company’s revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Research analysts expect 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 buyback program on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 14th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s dividend payout ratio (DPR) is presently 40.82%.

Analysts Set New Price Targets

Several analysts recently issued reports on CTAS shares. Sanford C. Bernstein assumed coverage on shares of Cintas in a research report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 target price for the company. Wells Fargo & Company reaffirmed a “cautious” rating and issued a $185.00 target price (down from $218.00) on shares of Cintas in a report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a report on Monday, December 1st. Redburn Partners set a $184.00 price objective on Cintas in a research note on Tuesday, November 11th. Finally, JPMorgan Chase & Co. cut their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. One equities 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.