Cintas Corporation $CTAS Shares Bought by Scalar Gauge Management LLC

Scalar Gauge Management LLC lifted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 210.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,000 shares of the business services provider’s stock after acquiring an additional 21,000 shares during the quarter. Cintas comprises about 3.2% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 14th biggest holding. Scalar Gauge Management LLC’s holdings in Cintas were worth $6,363,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTAS. National Wealth Management Group LLC lifted its holdings in shares of Cintas by 2.3% in the third quarter. National Wealth Management Group LLC now owns 3,199 shares of the business services provider’s stock valued at $657,000 after buying an additional 71 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Cintas by 7.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,150 shares of the business services provider’s stock valued at $441,000 after acquiring an additional 142 shares during the last quarter. Algebris UK Ltd. bought a new position in shares of Cintas during the 3rd quarter valued at about $1,247,000. Cullen Frost Bankers Inc. grew its stake in shares of Cintas by 4.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 7,874 shares of the business services provider’s stock worth $1,616,000 after purchasing an additional 306 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Cintas by 8.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 7,182 shares of the business services provider’s stock worth $1,455,000 after purchasing an additional 566 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CTAS has been the topic of several recent research reports. Redburn Partners set a $184.00 price target on shares of Cintas in a research report on Tuesday, November 11th. Citigroup reissued a “sell” rating and set a $181.00 price objective (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Sanford C. Bernstein started coverage on Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 target price for the company. Morgan Stanley cut their price objective on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Finally, Argus upgraded shares of Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $214.86.

Cintas Price Performance

NASDAQ CTAS opened at $193.89 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. The firm has a market capitalization of $77.53 billion, a price-to-earnings ratio of 56.53, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The company has a 50 day simple moving average of $188.39 and a 200-day simple moving average of $198.78. 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, beating the consensus estimate of $1.20 by $0.01. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. 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 approved a stock buyback plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Cintas Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas’s payout ratio is 52.48%.

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.