Bessemer Group Inc. Has $2.37 Million Holdings in Cintas Corporation $CTAS

Bessemer Group Inc. lifted its stake in Cintas Corporation (NASDAQ:CTAS) by 75.5% in the third quarter, HoldingsChannel.com reports. The firm owned 11,529 shares of the business services provider’s stock after purchasing an additional 4,960 shares during the quarter. Bessemer Group Inc.’s holdings in Cintas were worth $2,365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Cintas during the 2nd quarter worth approximately $925,531,000. Los Angeles Capital Management LLC boosted its position in shares of Cintas by 90.1% during the second quarter. Los Angeles Capital Management LLC now owns 1,214,098 shares of the business services provider’s stock worth $270,586,000 after purchasing an additional 575,372 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in Cintas by 264.9% during the second quarter. Panagora Asset Management Inc. now owns 776,042 shares of the business services provider’s stock worth $172,956,000 after acquiring an additional 563,366 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Cintas by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock valued at $8,554,672,000 after purchasing an additional 524,829 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Cintas by 11.2% in the second quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock valued at $1,094,596,000 after buying an additional 495,486 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Up 0.9%

CTAS stock opened at $195.87 on Monday. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The business has a 50-day simple moving average of $189.76 and a 200 day simple moving average of $197.09. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The company has a market cap of $78.33 billion, a PE ratio of 57.10, a price-to-earnings-growth ratio of 3.35 and a beta of 0.95.

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

Cintas declared that its board has approved a share repurchase program on Tuesday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Cintas Announces Dividend

The company also recently disclosed 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 payout ratio is currently 52.48%.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of research reports. Sanford C. Bernstein began coverage on Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target on the stock. Robert W. Baird boosted their target price on shares of Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Argus raised Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Citigroup reiterated a “sell” rating and issued a $181.00 price objective (up from $176.00) on shares of Cintas in a report on Monday, December 22nd. Finally, Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and boosted their price objective for the stock from $205.00 to $245.00 in a report on Wednesday, January 14th. One 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 stock. According to MarketBeat, Cintas currently has a consensus rating of “Moderate Buy” and an average 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.