Andra AP fonden Sells 90,600 Shares of Cintas Corporation $CTAS

Andra AP fonden reduced its position in Cintas Corporation (NASDAQ:CTAS) by 62.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,300 shares of the business services provider’s stock after selling 90,600 shares during the quarter. Andra AP fonden’s holdings in Cintas were worth $11,146,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Cintas by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock worth $7,994,594,000 after purchasing an additional 564,487 shares in the last quarter. State Street Corp grew its holdings in Cintas by 0.5% during the second quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock worth $3,369,391,000 after buying an additional 82,029 shares in the last quarter. Geode Capital Management LLC raised 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 valued at $2,049,017,000 after purchasing an additional 314,860 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Cintas by 11.2% in the 2nd quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock worth $1,094,596,000 after buying an additional 495,486 shares during the last quarter. Finally, Norges Bank bought a new position in Cintas in the 2nd quarter valued at $925,531,000. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CTAS shares. UBS Group reissued a “buy” rating on shares of Cintas in a research report on Friday, December 19th. Argus upgraded Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research report on Friday, December 19th. Robert W. Baird lifted their target price on shares of Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Finally, Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and increased their price objective for the stock from $205.00 to $245.00 in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cintas currently has an average rating of “Hold” and a consensus price target of $218.17.

Cintas Stock Performance

Shares of Cintas stock opened at $201.13 on Friday. The stock’s fifty day moving average price is $193.07 and its 200-day moving average price is $194.75. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The firm has a market cap of $80.43 billion, a P/E ratio of 58.64, a P/E/G ratio of 3.58 and a beta of 0.95. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the business posted $1.09 EPS. The business’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. On average, equities research analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal 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 issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s payout ratio is currently 52.48%.

Cintas Company 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.