Cintas Corporation $CTAS Shares Sold by Alphinity Investment Management Pty Ltd

Alphinity Investment Management Pty Ltd lessened its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 45.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,935 shares of the business services provider’s stock after selling 8,260 shares during the quarter. Alphinity Investment Management Pty Ltd’s holdings in Cintas were worth $2,039,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Signature Estate & Investment Advisors LLC raised its position in Cintas by 27.3% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,889 shares of the business services provider’s stock valued at $593,000 after purchasing an additional 620 shares during the period. Azzad Asset Management Inc. ADV boosted its position in shares of Cintas by 0.3% during the third quarter. Azzad Asset Management Inc. ADV now owns 25,109 shares of the business services provider’s stock worth $5,154,000 after buying an additional 71 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Cintas by 39.0% in the third quarter. Smartleaf Asset Management LLC now owns 3,629 shares of the business services provider’s stock valued at $740,000 after buying an additional 1,018 shares in the last quarter. Chapman Investment Management LLC raised its holdings in shares of Cintas by 4.1% in the 3rd quarter. Chapman Investment Management LLC now owns 26,108 shares of the business services provider’s stock valued at $5,359,000 after buying an additional 1,031 shares during the period. Finally, Canada Post Corp Registered Pension Plan raised its holdings in shares of Cintas by 8.6% in the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 6,178 shares of the business services provider’s stock valued at $1,260,000 after buying an additional 490 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Up 0.9%

Shares of Cintas stock opened at $195.87 on Friday. 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 company has a fifty day simple moving average of $189.76 and a 200-day simple moving average of $197.26. The stock has a market cap of $78.33 billion, a price-to-earnings ratio of 57.10, a PEG ratio of 3.35 and a beta of 0.95. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results 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. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. Cintas’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Cintas Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have weighed in on CTAS shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. UBS Group reissued a “buy” rating on shares of Cintas in a research note on Friday, December 19th. Argus upgraded shares of Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. 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 target price on the stock. Finally, Morgan Stanley decreased their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Cintas currently 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.