Alphinity Investment Management Pty Ltd Sells 8,260 Shares of Cintas Corporation $CTAS

Alphinity Investment Management Pty Ltd decreased its stake in Cintas Corporation (NASDAQ:CTAS) by 45.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,935 shares of the business services provider’s stock after selling 8,260 shares during the quarter. Alphinity Investment Management Pty Ltd’s holdings in Cintas were worth $2,039,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Cintas by 1.4% in 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 acquiring an additional 524,829 shares during the last quarter. State Street Corp boosted its stake in shares of Cintas by 0.5% during the second quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock valued at $3,369,391,000 after purchasing an additional 82,029 shares during the period. Geode Capital Management LLC grew its holdings in shares of Cintas by 3.5% in the second quarter. Geode Capital Management LLC now owns 9,192,013 shares of the business services provider’s stock worth $2,049,017,000 after purchasing an additional 314,860 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Cintas by 11.2% in the second 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 during the last quarter. Finally, Norges Bank purchased a new position in Cintas in the 2nd quarter worth about $925,531,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.9%

Shares of NASDAQ CTAS opened at $195.87 on Friday. The stock has a market cap of $78.33 billion, a PE ratio of 57.10, a P/E/G ratio of 3.35 and a beta of 0.95. 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 Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. The company has a 50-day moving average of $189.76 and a 200 day moving average of $197.26.

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

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is currently 52.48%.

Cintas declared that its board has authorized a share repurchase 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 purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target for the company. Citigroup reiterated a “sell” rating and set a $181.00 price objective (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Friday, December 19th. Robert W. Baird upped their price target on shares of Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Finally, Wells Fargo & Company upgraded 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Cintas presently has an average rating of “Moderate Buy” and an average price target of $221.08.

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.