Victory Capital Management Inc. Has $70.92 Million Stock Holdings in Cintas Corporation $CTAS

Victory Capital Management Inc. decreased its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 8.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 345,533 shares of the business services provider’s stock after selling 31,396 shares during the quarter. Victory Capital Management Inc.’s holdings in Cintas were worth $70,924,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Kingsview Wealth Management LLC lifted its position in Cintas by 2.6% during the 3rd quarter. Kingsview Wealth Management LLC now owns 2,914 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 74 shares during the period. Elo Mutual Pension Insurance Co increased its position in Cintas by 23.6% during the third quarter. Elo Mutual Pension Insurance Co now owns 24,799 shares of the business services provider’s stock worth $5,090,000 after buying an additional 4,729 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Cintas by 10.1% during the 3rd quarter. Fisher Asset Management LLC now owns 3,183 shares of the business services provider’s stock valued at $654,000 after purchasing an additional 292 shares during the last quarter. Journey Strategic Wealth LLC boosted its holdings in shares of Cintas by 41.3% during the 3rd quarter. Journey Strategic Wealth LLC now owns 2,051 shares of the business services provider’s stock worth $421,000 after buying an additional 599 shares during the period. Finally, Arete Wealth Advisors LLC increased its stake in shares of Cintas by 10.8% during the third quarter. Arete Wealth Advisors LLC now owns 1,758 shares of the business services provider’s stock worth $358,000 after purchasing an additional 172 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Trading Up 2.2%

CTAS stock opened at $204.53 on Friday. The company has a market capitalization of $81.79 billion, a PE ratio of 59.63, a price-to-earnings-growth ratio of 3.61 and a beta of 0.95. 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 one year low of $180.39 and a one year high of $229.24. The company’s 50 day moving average price is $194.10 and its two-hundred day moving average price is $194.20.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the business posted $1.09 earnings per share. Cintas’s revenue for the quarter 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 predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

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

Wall Street Analyst Weigh In

CTAS has been the subject of several recent research reports. Morgan Stanley cut their price target on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Argus upgraded Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. UBS Group restated a “buy” rating on shares of Cintas in a report on Friday, December 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cintas presently has an average rating of “Hold” and an average 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.