Swedbank AB Has $47.80 Million Stake in Cintas Corporation $CTAS

Swedbank AB increased its stake in Cintas Corporation (NASDAQ:CTAS) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 232,881 shares of the business services provider’s stock after purchasing an additional 6,705 shares during the period. Swedbank AB owned approximately 0.06% of Cintas worth $47,801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Alpha Financial Partners LLC lifted its holdings in shares of Cintas by 2.9% in the second quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock valued at $357,000 after purchasing an additional 45 shares in the last quarter. Portside Wealth Group LLC grew its holdings in shares of Cintas by 3.5% during the second quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock worth $303,000 after buying an additional 46 shares in the last quarter. Elyxium Wealth LLC raised its position in Cintas by 3.8% in the 2nd quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock valued at $295,000 after buying an additional 48 shares during the last quarter. Oarsman Capital Inc. lifted its stake in Cintas by 3.9% in the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 49 shares in the last quarter. Finally, Independent Wealth Network Inc. boosted its position in Cintas by 4.8% during the 2nd quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock worth $240,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CTAS shares. Rothschild Redb upgraded shares of Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Citigroup reissued a “sell” rating and set a $181.00 price target (up from $176.00) on shares of Cintas in a research report on Monday. Wells Fargo & Company set a $205.00 price objective on Cintas and gave the company an “equal weight” rating in a report on Friday, December 19th. Sanford C. Bernstein began coverage on Cintas in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price on the stock. Finally, Robert W. Baird increased their price target on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and a consensus target price of $212.00.

Cintas Stock Down 2.0%

Shares of CTAS stock opened at $186.80 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. The firm’s 50-day moving average is $186.51 and its 200-day moving average is $203.61. The stock has a market cap of $75.07 billion, a price-to-earnings ratio of 54.46, a PEG ratio of 3.28 and a beta of 0.96. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.Cintas’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Sell-side analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas declared that its board has approved a share buyback program on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in 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 usually an indication that the company’s board of directors believes its stock is undervalued.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s payout ratio is presently 52.48%.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.