Principal Financial Group Inc. Lowers Position in Cintas Corporation $CTAS

Principal Financial Group Inc. decreased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,835 shares of the business services provider’s stock after selling 16,857 shares during the quarter. Principal Financial Group Inc. owned 0.12% of Cintas worth $95,412,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CTAS. Alpha Financial Partners LLC increased its holdings in Cintas by 2.9% in the second 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 in the last quarter. Portside Wealth Group LLC grew its position in shares of Cintas by 3.5% during the 2nd quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock valued at $303,000 after acquiring an additional 46 shares during the period. Elyxium Wealth LLC grew its position in shares of Cintas by 3.8% during the 2nd quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock valued at $295,000 after acquiring an additional 48 shares during the period. PDS Planning Inc increased its stake in shares of Cintas by 2.0% in the 2nd quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock valued at $559,000 after purchasing an additional 49 shares in the last quarter. Finally, Copperwynd Financial LLC raised its holdings in Cintas by 4.0% in the 2nd quarter. Copperwynd Financial LLC now owns 1,306 shares of the business services provider’s stock worth $291,000 after purchasing an additional 50 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. UBS Group reissued a “buy” rating on shares of Cintas in a report on Friday, December 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. Rothschild & Co Redburn raised shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target for the company in a report on Tuesday, November 11th. Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and upped their price objective for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. Finally, Argus upgraded shares of Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $214.86.

Cintas Stock Down 0.3%

NASDAQ CTAS opened at $190.91 on Tuesday. The business has a fifty day moving average price of $189.07 and a 200 day moving average price of $197.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. The company has a market cap of $76.34 billion, a P/E ratio of 55.66, a P/E/G ratio of 3.28 and a beta of 0.95. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24.

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

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

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be issued a $0.45 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas’s dividend payout ratio is presently 52.48%.

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.