Atlantic Union Bankshares Corp Boosts Holdings in Cintas Corporation $CTAS

Atlantic Union Bankshares Corp grew its position in Cintas Corporation (NASDAQ:CTAS) by 1,284.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,408 shares of the business services provider’s stock after buying an additional 5,945 shares during the period. Atlantic Union Bankshares Corp’s holdings in Cintas were worth $1,315,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Cintas by 800.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 128 shares during the last quarter. Golden State Wealth Management LLC increased its position in Cintas by 3,925.0% in the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after buying an additional 157 shares in the last quarter. Alpine Bank Wealth Management increased its position in Cintas by 1,092.9% in the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after buying an additional 153 shares in the last quarter. Addison Advisors LLC raised its stake in shares of Cintas by 57.0% in the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after buying an additional 61 shares during the period. Finally, WPG Advisers LLC lifted its position in shares of Cintas by 90.0% during the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Cintas stock opened at $192.61 on Thursday. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. The company has a market capitalization of $77.02 billion, a PE ratio of 56.15, a P/E/G ratio of 3.27 and a beta of 0.95. The company has a 50 day moving average price of $189.37 and a 200-day moving average price of $197.61. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71.

Cintas (NASDAQ:CTAS) last issued its earnings results 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 company had revenue of $2.80 billion for 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, equities analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

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

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given 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 currently 52.48%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective on the stock in a research report on Tuesday, November 11th. Robert W. Baird increased their target price on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. UBS Group restated a “buy” rating on shares of Cintas in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. Finally, Citigroup reiterated a “sell” rating and issued a $181.00 price target (up previously from $176.00) on shares of Cintas in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $214.86.

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.