ING Groep NV Grows Stake in Cintas Corporation $CTAS

ING Groep NV increased its position in Cintas Corporation (NASDAQ:CTAS) by 135.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 376,396 shares of the business services provider’s stock after acquiring an additional 216,731 shares during the period. ING Groep NV’s holdings in Cintas were worth $77,259,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Portside Wealth Group LLC grew its stake in shares of 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 purchasing an additional 46 shares during the period. Elyxium Wealth LLC boosted its holdings in shares of Cintas by 3.8% in the second quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock worth $295,000 after buying an additional 48 shares during the last quarter. Beacon Investment Advisors LLC grew its position in Cintas by 3.2% during the second quarter. Beacon Investment Advisors LLC now owns 1,725 shares of the business services provider’s stock valued at $381,000 after buying an additional 53 shares during the period. CreativeOne Wealth LLC grew its position in Cintas by 0.3% during the second quarter. CreativeOne Wealth LLC now owns 16,697 shares of the business services provider’s stock valued at $3,721,000 after buying an additional 54 shares during the period. Finally, Woodward Diversified Capital LLC increased its holdings in Cintas by 4.7% during the third quarter. Woodward Diversified Capital LLC now owns 1,229 shares of the business services provider’s stock valued at $252,000 after buying an additional 55 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 2.3%

Shares of CTAS stock opened at $199.31 on Wednesday. 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 stock has a fifty day simple moving average of $190.25 and a two-hundred day simple moving average of $196.72. The firm has a market capitalization of $79.70 billion, a PE ratio of 58.11, a PEG ratio of 3.34 and a beta of 0.95. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The business’s quarterly 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. On average, analysts predict 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 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 buy up to 1.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Cintas Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CTAS shares. Morgan Stanley dropped their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and lifted their target price for the company from $205.00 to $245.00 in a research report on Wednesday, January 14th. Rothschild & Co Redburn set a $184.00 price target on Cintas in a report on Tuesday, November 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a research note on Friday, December 19th. Finally, Robert W. Baird lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.08.

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.