Andra AP fonden Trims Stock Position in Cintas Corporation $CTAS

Andra AP fonden cut its position in shares of Cintas Corporation (NASDAQ:CTAS) by 62.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,300 shares of the business services provider’s stock after selling 90,600 shares during the period. Andra AP fonden’s holdings in Cintas were worth $11,146,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. Alpine Bank Wealth Management lifted its holdings in Cintas by 1,092.9% during the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 153 shares in the last quarter. WPG Advisers LLC boosted its holdings in Cintas by 90.0% in the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after buying an additional 81 shares during the last quarter. Golden State Wealth Management LLC increased its stake in Cintas by 3,925.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after buying an additional 157 shares in the last quarter. Addison Advisors LLC raised its holdings in shares of Cintas by 57.0% during the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 61 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in Cintas by 84.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock worth $37,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CTAS. UBS Group reiterated a “buy” rating on shares of Cintas in a report on Friday, December 19th. Robert W. Baird raised their target price on Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Citigroup reaffirmed a “sell” rating and set a $181.00 target price (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Rothschild & Co Redburn set a $184.00 price objective on Cintas in a report on Tuesday, November 11th. Finally, Argus raised Cintas to a “strong-buy” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $218.17.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $201.13 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. The company has a market cap of $80.43 billion, a price-to-earnings ratio of 58.64, a price-to-earnings-growth ratio of 3.58 and a beta of 0.95. The stock’s 50-day moving average is $193.07 and its two-hundred day moving average is $194.75. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the company earned $1.09 earnings per share. The firm’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. Analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be paid a dividend of $0.45 per share. 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 dividend payout ratio (DPR) is currently 52.48%.

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.