NEOS Investment Management LLC Purchases 63,403 Shares of Cintas Corporation $CTAS

NEOS Investment Management LLC boosted its position in shares of Cintas Corporation (NASDAQ:CTAS) by 60.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 168,019 shares of the business services provider’s stock after purchasing an additional 63,403 shares during the period. NEOS Investment Management LLC’s holdings in Cintas were worth $34,488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC boosted its position in shares of Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after acquiring an additional 128 shares in the last quarter. Alpine Bank Wealth Management raised its position in Cintas by 1,092.9% during the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 153 shares in the last quarter. WPG Advisers LLC lifted its stake in Cintas by 90.0% during the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after purchasing an additional 81 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in Cintas by 3,925.0% during the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after purchasing an additional 157 shares during the last quarter. Finally, Addison Advisors LLC boosted its holdings in shares of Cintas by 57.0% in the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 61 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of Cintas stock opened at $193.44 on Tuesday. The stock has a market cap of $77.35 billion, a price-to-earnings ratio of 56.40, a P/E/G ratio of 3.31 and a beta of 0.95. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The company’s fifty day moving average is $191.14 and its 200 day moving average is $195.98. 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 (NASDAQ:CTAS) last announced its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $2.77 billion. During the same period last year, the company earned $1.09 EPS. Cintas’s revenue for the quarter was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Sell-side analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas announced that its board has authorized a stock buyback program on Tuesday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Cintas Announces Dividend

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

Analyst Ratings Changes

CTAS has been the subject of a number of research analyst reports. Rothschild & Co Redburn set a $184.00 price target on Cintas in a report on Tuesday, November 11th. UBS Group reiterated a “buy” rating on shares of Cintas in a research report on Friday, December 19th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a report on Friday, December 19th. Argus upgraded shares of Cintas to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, Sanford C. Bernstein initiated coverage on shares of Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price target on the stock. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $221.08.

Cintas 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.