Cintas Corporation $CTAS Shares Sold by Citigroup Inc.

Citigroup Inc. reduced its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 21.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 455,620 shares of the business services provider’s stock after selling 123,123 shares during the period. Citigroup Inc. owned 0.11% of Cintas worth $93,521,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Cintas by 2.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,876 shares of the business services provider’s stock valued at $20,501,000 after purchasing an additional 2,628 shares in the last quarter. Vanguard Group Inc. raised its holdings in Cintas by 1.5% in the third quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock valued at $7,994,594,000 after acquiring an additional 564,487 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Cintas by 197.4% during the 3rd quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock valued at $1,858,000 after acquiring an additional 6,202 shares during the last quarter. Scalar Gauge Management LLC grew its holdings in Cintas by 210.0% during the 3rd quarter. Scalar Gauge Management LLC now owns 31,000 shares of the business services provider’s stock worth $6,363,000 after acquiring an additional 21,000 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its position in shares of Cintas by 2.3% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 150,809 shares of the business services provider’s stock worth $30,955,000 after purchasing an additional 3,397 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of recent analyst reports. Sanford C. Bernstein began coverage on shares of Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price on the stock. UBS Group reissued a “buy” rating on shares of Cintas in a report on Friday, December 19th. Robert W. Baird increased their target price on Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Bank of America began coverage on shares of Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 target price for the company. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $218.17.

Cintas Trading Up 1.0%

Shares of CTAS stock opened at $200.02 on Monday. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The firm has a market capitalization of $79.99 billion, a PE ratio of 58.31, a price-to-earnings-growth ratio of 3.61 and a beta of 0.95. The stock has a fifty day moving average of $192.03 and a two-hundred day moving average of $195.24. 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 quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The business 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 company’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, research analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Announces Dividend

The company 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. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s dividend payout ratio (DPR) is presently 52.48%.

Cintas declared that its Board of Directors has authorized a stock buyback plan on Tuesday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.