Banco Bilbao Vizcaya Argentaria S.A. Boosts Holdings in Cintas Corporation $CTAS

Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,394 shares of the business services provider’s stock after acquiring an additional 2,927 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Cintas were worth $18,141,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Alpine Bank Wealth Management increased its position 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 worth $34,000 after purchasing an additional 153 shares during the last quarter. WPG Advisers LLC boosted its holdings in shares of Cintas by 90.0% in the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 81 shares during the last quarter. Salomon & Ludwin LLC grew its stake in shares of Cintas by 84.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock valued at $37,000 after buying an additional 84 shares during the period. Evolution Wealth Management Inc. purchased a new stake in shares of Cintas during the 2nd quarter valued at $45,000. Finally, Caitlin John LLC acquired a new stake in shares of Cintas during the 3rd quarter worth $49,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on CTAS shares. Bank of America assumed coverage on Cintas in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 target price on the stock. UBS Group restated a “buy” rating on shares of Cintas in a research note on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Morgan Stanley reduced their price objective on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Finally, Citigroup reiterated a “sell” rating and set a $181.00 target price (up from $176.00) on shares of Cintas in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.25.

Cintas Stock Up 0.5%

Shares of Cintas stock opened at $194.28 on Monday. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The stock has a market cap of $77.69 billion, a price-to-earnings ratio of 56.64, a price-to-earnings-growth ratio of 3.50 and a beta of 0.95. 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 moving average price of $195.16 and a 200 day moving average price of $193.20.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data 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 company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, February 13th. Cintas’s dividend payout ratio (DPR) is presently 52.48%.

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.