Allianz SE Sells 17,800 Shares of Cintas Corporation $CTAS

Allianz SE reduced its position in Cintas Corporation (NASDAQ:CTAS) by 21.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,368 shares of the business services provider’s stock after selling 17,800 shares during the quarter. Allianz SE’s holdings in Cintas were worth $14,569,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CTAS. Alpha Financial Partners LLC boosted its position in Cintas by 2.9% during the 2nd quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock valued at $357,000 after buying an additional 45 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Cintas by 3.9% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock worth $258,000 after acquiring an additional 47 shares in the last quarter. Elyxium Wealth LLC raised its holdings in Cintas by 3.8% in the second quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock worth $295,000 after buying an additional 48 shares during the last quarter. Oarsman Capital Inc. lifted its holdings in shares of Cintas by 3.9% during the first quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 49 shares in the last quarter. Finally, Independent Wealth Network Inc. grew its position in Cintas by 4.8% in the 2nd quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock worth $240,000 after purchasing an additional 49 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CTAS has been the topic of several recent research reports. UBS Group raised their price objective on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. JPMorgan Chase & Co. cut their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Robert W. Baird upped their price objective on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Citigroup raised their price objective on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. Finally, Rothschild Redb upgraded Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $215.07.

Cintas Stock Down 0.3%

Shares of CTAS opened at $185.28 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The stock has a 50 day moving average price of $194.74 and a 200 day moving average price of $210.59. The stock has a market capitalization of $74.46 billion, a price-to-earnings ratio of 42.01, a PEG ratio of 3.18 and a beta of 0.99. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, November 14th. Cintas’s dividend payout ratio (DPR) is presently 40.82%.

Cintas announced that its board has initiated a stock buyback program on Tuesday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.