Ascent Group LLC Has $6.76 Million Position in Cintas Corporation $CTAS

Ascent Group LLC lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 16.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,934 shares of the business services provider’s stock after purchasing an additional 4,643 shares during the quarter. Ascent Group LLC’s holdings in Cintas were worth $6,760,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank bought a new stake in shares of Cintas during the 2nd quarter worth about $925,531,000. Voya Investment Management LLC lifted its holdings in Cintas by 516.8% in the 1st quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock worth $175,529,000 after purchasing an additional 715,570 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in Cintas by 90.1% in the 2nd 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 during the last quarter. Panagora Asset Management Inc. boosted its position 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 purchasing an additional 563,366 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Cintas by 1.4% during the second 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 during the last quarter. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Redburn Partners set a $184.00 target price on shares of Cintas in a research note on Tuesday, November 11th. Morgan Stanley dropped 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. JPMorgan Chase & Co. decreased their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a report on Monday. Finally, Citigroup restated a “sell” rating and issued a $181.00 price objective (up previously from $176.00) on shares of Cintas in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $212.00.

Cintas Stock Down 0.4%

NASDAQ CTAS opened at $190.35 on Wednesday. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24. The company has a market capitalization of $76.50 billion, a price-to-earnings ratio of 55.50, a PEG ratio of 3.28 and a beta of 0.96. The stock’s 50 day moving average is $186.47 and its two-hundred day moving average is $202.54. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter last year, the company earned $1.09 EPS. Cintas’s revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, November 14th. Cintas’s dividend payout ratio (DPR) is currently 52.48%.

Cintas declared that its board has initiated a share repurchase plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

About Cintas

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.