Cintas Corporation $CTAS Holdings Lowered by Donaldson Capital Management LLC

Donaldson Capital Management LLC reduced its stake in Cintas Corporation (NASDAQ:CTAS) by 14.6% in the third quarter, HoldingsChannel reports. The fund owned 21,977 shares of the business services provider’s stock after selling 3,760 shares during the quarter. Donaldson Capital Management LLC’s holdings in Cintas were worth $4,511,000 at the end of the most recent reporting period.

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

Cintas Price Performance

CTAS opened at $191.39 on Friday. The firm has a market capitalization of $76.53 billion, a P/E ratio of 55.80, a PEG ratio of 3.25 and a beta of 0.97. The stock has a fifty day moving average of $188.90 and a 200-day moving average of $198.20. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data 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 firm 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 firm posted $1.09 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. 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 fiscal year.

Cintas declared that its Board of Directors has authorized a share buyback plan on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s dividend payout ratio is presently 52.48%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CTAS. Rothschild & Co Redburn upgraded shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective for the company in a research report on Tuesday, November 11th. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a report on Friday, December 19th. Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and lifted their price target for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. Robert W. Baird increased their price objective on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Finally, Redburn Partners set a $184.00 price objective on Cintas in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $214.86.

About Cintas

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.