5,971 Shares in Cintas Corporation $CTAS Purchased by ABN Amro Investment Solutions

ABN Amro Investment Solutions purchased a new stake in Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,971 shares of the business services provider’s stock, valued at approximately $1,331,000.

Several other institutional investors have also recently made changes to their positions in CTAS. WPG Advisers LLC bought a new position in shares of Cintas in the first quarter valued at $27,000. Saudi Central Bank acquired a new stake in Cintas in the first quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC grew its position in shares of Cintas by 800.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Golden State Wealth Management LLC increased its stake in shares of 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 purchasing an additional 157 shares during the last quarter. Finally, Addison Advisors LLC increased its stake in shares of Cintas by 57.0% during the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CTAS shares. Wells Fargo & Company reduced their price target on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Royal Bank Of Canada reduced their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research note on Thursday, September 25th. Morgan Stanley increased their price target on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Robert W. Baird increased their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Finally, Sanford C. Bernstein started coverage on shares of Cintas in a research note on Wednesday. They set a “market perform” rating and a $200.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $215.07.

Cintas Trading Down 0.6%

Shares of Cintas stock opened at $186.72 on Friday. 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 firm has a 50-day moving average of $194.01 and a 200-day moving average of $210.29. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24. The stock has a market cap of $75.04 billion, a PE ratio of 42.34, a PEG ratio of 3.18 and a beta of 0.99.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The business’s revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, sell-side analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 14th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Cintas’s dividend payout ratio is currently 40.82%.

Cintas announced that its board has authorized a share repurchase plan on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is 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.