Cintas Corporation $CTAS Shares Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI raised its holdings in Cintas Corporation (NASDAQ:CTAS) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,680 shares of the business services provider’s stock after buying an additional 3,715 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Cintas were worth $9,787,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Focus Partners Wealth boosted its holdings in Cintas by 16.5% in the 1st quarter. Focus Partners Wealth now owns 25,040 shares of the business services provider’s stock worth $5,147,000 after acquiring an additional 3,554 shares during the period. Merit Financial Group LLC lifted its position in shares of Cintas by 11.2% during the second quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock worth $3,225,000 after purchasing an additional 1,459 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of Cintas by 197.4% in the third quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock valued at $1,858,000 after purchasing an additional 6,202 shares during the period. Vanguard Group Inc. grew its holdings in Cintas by 1.4% during the 2nd 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 in the last quarter. Finally, Generate Investment Management Ltd acquired a new position in Cintas in the 3rd quarter worth $7,431,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Price Performance

Shares of CTAS opened at $193.03 on Tuesday. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. 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 firm has a market cap of $77.19 billion, a price-to-earnings ratio of 56.28, a PEG ratio of 3.31 and a beta of 0.97. The stock has a 50 day moving average of $186.64 and a 200-day moving average of $200.50.

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, topping the consensus estimate of $1.20 by $0.01. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas declared that its Board of Directors has initiated a share buyback program on Tuesday, October 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Cintas Dividend Announcement

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

Analyst Ratings Changes

CTAS has been the subject of several recent analyst reports. UBS Group restated a “buy” rating on shares of Cintas in a research note on Friday, December 19th. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective for the company in a research note on Tuesday, November 11th. 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. Rothschild Redb upgraded Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. One 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 assigned a Sell rating to the company. According to data from MarketBeat, Cintas 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.