Cintas Corporation $CTAS Shares Purchased by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co raised its position in Cintas Corporation (NASDAQ:CTAS) by 15.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 67,556 shares of the business services provider’s stock after buying an additional 8,800 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Cintas were worth $13,867,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CTAS. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Cintas by 2.7% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,876 shares of the business services provider’s stock worth $20,501,000 after acquiring an additional 2,628 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in shares of Cintas by 197.4% during the 3rd quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock worth $1,858,000 after purchasing an additional 6,202 shares during the period. Scalar Gauge Management LLC grew its stake in shares of Cintas by 210.0% during the 3rd quarter. Scalar Gauge Management LLC now owns 31,000 shares of the business services provider’s stock worth $6,363,000 after purchasing an additional 21,000 shares during the period. Johnson Investment Counsel Inc. increased its holdings in shares of Cintas by 2.3% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 150,809 shares of the business services provider’s stock valued at $30,955,000 after purchasing an additional 3,397 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Cintas by 1.4% in the second 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 during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $196.10 on Friday. 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 business’s fifty day moving average price is $190.80 and its two-hundred day moving average price is $196.74. The stock has a market cap of $78.42 billion, a PE ratio of 57.17, a price-to-earnings-growth ratio of 3.43 and a beta of 0.95. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

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

Cintas declared that its Board of Directors has authorized a stock buyback 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 repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CTAS shares. Sanford C. Bernstein assumed coverage on shares of Cintas in a research report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 target price on the stock. Argus upgraded Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a report on Friday, December 19th. Morgan Stanley lowered their target price 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, Citigroup reaffirmed a “sell” rating and set a $181.00 price target (up previously from $176.00) on shares of Cintas in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cintas presently has a consensus rating of “Moderate Buy” and a consensus price target 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.