Sumitomo Mitsui Trust Group Inc. Has $190.52 Million Stake in Cintas Corporation $CTAS

Sumitomo Mitsui Trust Group Inc. cut its position in shares of Cintas Corporation (NASDAQ:CTAS) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 928,195 shares of the business services provider’s stock after selling 48,398 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Cintas worth $190,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Cintas by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after acquiring an additional 524,829 shares during the last quarter. State Street Corp increased its holdings in Cintas by 0.5% during the 2nd quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock worth $3,369,391,000 after purchasing an additional 82,029 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Cintas by 3.5% in the second quarter. Geode Capital Management LLC now owns 9,192,013 shares of the business services provider’s stock worth $2,049,017,000 after purchasing an additional 314,860 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Cintas by 11.2% in the second quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock valued at $1,094,596,000 after purchasing an additional 495,486 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Cintas during the second quarter valued at approximately $925,531,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CTAS. Redburn Partners set a $184.00 price target on Cintas in a research report on Tuesday, November 11th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a report on Friday, December 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. Sanford C. Bernstein initiated coverage on shares of Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective for the company. Finally, Wells Fargo & Company set a $205.00 target price on Cintas and gave the company an “equal weight” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $212.00.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $193.03 on Tuesday. The firm has a market capitalization of $77.19 billion, a PE ratio of 56.28, a P/E/G ratio of 3.31 and a beta of 0.97. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $186.64 and a two-hundred day moving average price of $200.50. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24.

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

Cintas Announces Dividend

The business also recently disclosed 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 yield of 0.9%. Cintas’s dividend payout ratio is 52.48%.

Cintas declared that its board has approved a share repurchase plan on Tuesday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.