Jag Capital Management LLC Trims Stock Holdings in Cintas Corporation $CTAS

Jag Capital Management LLC decreased its position in Cintas Corporation (NASDAQ:CTAS) by 95.2% in the third quarter, Holdings Channel.com reports. The firm owned 1,444 shares of the business services provider’s stock after selling 28,950 shares during the quarter. Jag Capital Management LLC’s holdings in Cintas were worth $296,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CTAS. Portside Wealth Group LLC grew its position in shares of Cintas by 3.5% in the 2nd quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock worth $303,000 after buying an additional 46 shares during the period. Elyxium Wealth LLC lifted its position 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 acquiring an additional 48 shares during the period. Beacon Investment Advisors LLC boosted its stake 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 worth $381,000 after acquiring an additional 53 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in Cintas by 0.3% in the second quarter. CreativeOne Wealth LLC now owns 16,697 shares of the business services provider’s stock worth $3,721,000 after purchasing an additional 54 shares during the period. Finally, Woodward Diversified Capital LLC grew its holdings in Cintas by 4.7% in the third quarter. Woodward Diversified Capital LLC now owns 1,229 shares of the business services provider’s stock worth $252,000 after purchasing an additional 55 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.1%

Cintas stock opened at $198.55 on Wednesday. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24. The stock has a fifty day simple moving average of $192.45 and a two-hundred day simple moving average of $194.87. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The firm has a market cap of $79.40 billion, a price-to-earnings ratio of 57.89, a PEG ratio of 3.58 and a beta of 0.95.

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 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 company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the firm posted $1.09 earnings per share. Cintas’s 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. Equities 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 plan on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders 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 dividend yield of 0.9%. Cintas’s payout ratio is currently 52.48%.

Analyst Upgrades and Downgrades

CTAS has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Sanford C. Bernstein initiated coverage on Cintas in a research note on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective for the company. UBS Group reissued a “buy” rating on shares of Cintas in a report on Friday, December 19th. Robert W. Baird raised their price target on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Finally, Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and lifted their price target for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $218.17.

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.