Robeco Schweiz AG Sells 4,131 Shares of Cintas Corporation $CTAS

Robeco Schweiz AG lessened its position in Cintas Corporation (NASDAQ:CTAS) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,315 shares of the business services provider’s stock after selling 4,131 shares during the period. Robeco Schweiz AG’s holdings in Cintas were worth $16,075,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Alpha Financial Partners LLC increased its holdings in shares of Cintas by 2.9% during the second quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock worth $357,000 after buying an additional 45 shares in the last quarter. Portside Wealth Group LLC increased 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 purchasing an additional 46 shares in the last quarter. Elyxium Wealth LLC increased its holdings 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 purchasing an additional 48 shares in the last quarter. Independent Wealth Network Inc. raised its position 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 valued at $240,000 after purchasing an additional 49 shares during the last quarter. Finally, PDS Planning Inc boosted its stake in Cintas by 2.0% in the second quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock worth $559,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and set a $245.00 target price for the company in a research note on Wednesday. Citigroup reiterated a “sell” rating and set a $181.00 target price (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. reduced their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $214.86.

Cintas Price Performance

Shares of CTAS stock opened at $192.72 on Wednesday. The firm’s 50 day moving average price is $186.81 and its two-hundred day moving average price is $200.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24. The stock has a market cap of $77.07 billion, a PE ratio of 56.19, a PEG ratio of 3.31 and a beta of 0.97.

Cintas (NASDAQ:CTAS) last released 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 return on equity of 41.07% and a net margin of 17.58%.The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the company 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. As a group, analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas declared that its board has initiated a share repurchase plan on Tuesday, October 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders 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 dividend 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.