Cintas Corporation $CTAS Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its position in Cintas Corporation (NASDAQ:CTAS) by 7.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 584,243 shares of the business services provider’s stock after selling 47,032 shares during the period. Fifth Third Bancorp owned approximately 0.15% of Cintas worth $119,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after purchasing an additional 108 shares during the period. Sivia Capital Partners LLC lifted its stake in Cintas by 42.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 428 shares during the period. Harbour Investments Inc. lifted its stake in Cintas by 99.0% during the 2nd quarter. Harbour Investments Inc. now owns 1,027 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 511 shares during the period. Koshinski Asset Management Inc. purchased a new stake in shares of Cintas in the 2nd quarter valued at $747,000. Finally, Quotient Wealth Partners LLC increased its stake in shares of Cintas by 11.1% in the second quarter. Quotient Wealth Partners LLC now owns 2,029 shares of the business services provider’s stock worth $452,000 after acquiring an additional 202 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on CTAS shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. UBS Group restated a “buy” rating on shares of Cintas in a research note on Friday, December 19th. Rothschild & Co Redburn set a $184.00 target price on Cintas in a report on Tuesday, November 11th. Citigroup reiterated a “sell” rating and set a $181.00 price target (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Finally, Sanford C. Bernstein began coverage on Cintas in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Cintas currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.08.

Cintas Stock Performance

NASDAQ CTAS opened at $193.44 on Monday. The stock has a market capitalization of $77.35 billion, a price-to-earnings ratio of 56.40, a PEG ratio of 3.31 and a beta of 0.95. The stock has a 50-day moving average of $190.94 and a 200 day moving average of $196.18. 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 twelve month low of $180.39 and a twelve month high of $229.24.

Cintas (NASDAQ:CTAS) last released its earnings results 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. The business 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 company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Sell-side analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas declared that its board has approved a stock buyback program on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be paid 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 yield of 0.9%. Cintas’s dividend payout ratio is 52.48%.

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.