Nippon Life Global Investors Americas Inc. Sells 70,360 Shares of Cintas Corporation $CTAS

Nippon Life Global Investors Americas Inc. lessened its stake in Cintas Corporation (NASDAQ:CTAS) by 90.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,620 shares of the business services provider’s stock after selling 70,360 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Cintas were worth $1,564,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Alpha Financial Partners LLC lifted its position in 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 during the last quarter. Portside Wealth Group LLC raised its holdings in Cintas by 3.5% during the 2nd quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock valued at $303,000 after buying an additional 46 shares during the last quarter. Elyxium Wealth LLC boosted its position in Cintas by 3.8% during 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 period. Independent Wealth Network Inc. grew its holdings in Cintas by 4.8% in 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. Finally, PDS Planning Inc increased its position in shares of Cintas by 2.0% in the second quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock valued at $559,000 after acquiring an additional 49 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CTAS. JPMorgan Chase & Co. reduced their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Redburn Partners set a $184.00 target price on Cintas in a research note on Tuesday, November 11th. Rothschild Redb upgraded Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Citigroup reaffirmed a “sell” rating and issued a $181.00 price target (up previously from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Finally, Morgan Stanley reduced their price objective on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $214.86.

Cintas Stock Performance

Cintas stock opened at $195.42 on Friday. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. 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 market capitalization of $78.15 billion, a P/E ratio of 56.97, a PEG ratio of 3.35 and a beta of 0.97. The stock’s 50 day moving average is $187.40 and its 200 day moving average is $199.87.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, equities research analysts predict 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 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 reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 14th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas’s payout ratio is 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.