Copeland Capital Management LLC Sells 3,477 Shares of Cintas Corporation $CTAS

Copeland Capital Management LLC decreased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,579 shares of the business services provider’s stock after selling 3,477 shares during the period. Copeland Capital Management LLC’s holdings in Cintas were worth $14,898,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Focus Partners Wealth increased its stake in shares of Cintas by 16.5% in the 1st quarter. Focus Partners Wealth now owns 25,040 shares of the business services provider’s stock valued at $5,147,000 after purchasing an additional 3,554 shares during the last quarter. Merit Financial Group LLC boosted its stake in Cintas by 11.2% in the second quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock valued at $3,225,000 after buying an additional 1,459 shares in the last quarter. HBK Sorce Advisory LLC grew its position in Cintas by 197.4% in the third quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock valued at $1,858,000 after acquiring an additional 6,202 shares during the last quarter. Axiom Investors LLC DE raised its stake in Cintas by 16.2% during the first quarter. Axiom Investors LLC DE now owns 1,058,843 shares of the business services provider’s stock worth $217,624,000 after acquiring an additional 147,851 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings 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 worth $8,554,672,000 after acquiring an additional 524,829 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTAS has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Morgan Stanley decreased their target price on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Rothschild Redb upgraded Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Redburn Partners set a $184.00 price objective on Cintas in a report on Tuesday, November 11th. Finally, Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective on the stock in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $212.00.

Cintas Price Performance

CTAS stock opened at $191.04 on Tuesday. The company has a market capitalization of $76.77 billion, a P/E ratio of 55.70, a PEG ratio of 3.28 and a beta of 0.96. The company has a fifty day moving average price of $186.59 and a 200-day moving average price of $202.77. 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 52-week low of $180.39 and a 52-week high of $229.24.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.80 billion during 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%.Cintas’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, equities analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were issued a $0.45 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas’s dividend payout ratio is presently 52.48%.

Cintas declared that its Board of Directors has initiated a share buyback program on Tuesday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.