AustralianSuper Pty Ltd Sells 681,115 Shares of Cintas Corporation $CTAS

AustralianSuper Pty Ltd trimmed its position in Cintas Corporation (NASDAQ:CTAS) by 81.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,286 shares of the business services provider’s stock after selling 681,115 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Cintas were worth $32,079,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management grew its holdings in Cintas by 1,092.9% during the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after acquiring an additional 153 shares in the last quarter. WPG Advisers LLC raised its holdings in shares of Cintas by 90.0% in the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 81 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Cintas by 3,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after purchasing an additional 157 shares during the period. Addison Advisors LLC boosted its stake in shares of Cintas by 57.0% during the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 61 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its holdings in Cintas by 84.0% during the third quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock valued at $37,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 0.0%

NASDAQ CTAS opened at $201.55 on Wednesday. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. The company has a fifty day simple moving average of $193.48 and a two-hundred day simple moving average of $194.09. 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 stock has a market cap of $80.60 billion, a P/E ratio of 58.76, a P/E/G ratio of 3.64 and a beta of 0.95.

Cintas (NASDAQ:CTAS) last announced 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 firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period 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. On average, analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

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 issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s payout ratio is 52.48%.

Analyst Ratings Changes

CTAS has been the subject of a number of analyst reports. Rothschild & Co Redburn set a $184.00 target price on Cintas in a report on Tuesday, November 11th. Robert W. Baird upped their price objective on Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and boosted their target price for the stock from $205.00 to $245.00 in a report on Wednesday, January 14th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $218.17.

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.