Cerity Partners LLC Sells 5,378 Shares of Cintas Corporation $CTAS

Cerity Partners LLC lowered its stake in Cintas Corporation (NASDAQ:CTAS) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 195,645 shares of the business services provider’s stock after selling 5,378 shares during the quarter. Cerity Partners LLC’s holdings in Cintas were worth $40,158,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Cintas by 1.4% in the second quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after buying an additional 524,829 shares in the last quarter. State Street Corp increased its holdings in Cintas by 0.5% during the 2nd quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock worth $3,369,391,000 after acquiring an additional 82,029 shares during the period. Geode Capital Management LLC increased its holdings in Cintas by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 9,192,013 shares of the business services provider’s stock worth $2,049,017,000 after acquiring an additional 314,860 shares during the period. Invesco Ltd. lifted its stake in Cintas by 11.2% in the 2nd quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock worth $1,094,596,000 after purchasing an additional 495,486 shares in the last quarter. Finally, Norges Bank bought a new position in Cintas in the 2nd quarter valued at $925,531,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 1.9%

Shares of NASDAQ CTAS opened at $190.26 on Friday. The stock has a market capitalization of $76.46 billion, a P/E ratio of 55.47, a PEG ratio of 3.21 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24. The firm’s 50 day simple moving average is $186.22 and its two-hundred day simple moving average is $201.17.

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

Cintas announced that its Board of Directors has authorized a stock 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 purchase up to 1.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Cintas Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently weighed in on CTAS shares. Wells Fargo & Company set a $205.00 price target on shares of Cintas and gave the stock an “equal weight” rating in a report on Friday, December 19th. Redburn Partners set a $184.00 target price on Cintas in a research note on Tuesday, November 11th. Morgan Stanley lowered their price target on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Robert W. Baird lifted their price target on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Finally, Citigroup restated a “sell” rating and issued a $181.00 price objective (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $212.00.

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.