Bank of Montreal Can Has $172 Million Stake in Cintas Corporation $CTAS

Bank of Montreal Can grew its position in Cintas Corporation (NASDAQ:CTAS) by 25.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 837,961 shares of the business services provider’s stock after acquiring an additional 169,084 shares during the period. Bank of Montreal Can owned 0.21% of Cintas worth $172,000,000 at the end of the most recent reporting period.

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

Cintas Price Performance

Shares of CTAS opened at $196.28 on Wednesday. The stock has a market cap of $78.49 billion, a P/E ratio of 57.22, a price-to-earnings-growth ratio of 3.62 and a beta of 0.95. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The stock’s 50-day moving average price is $194.67 and its two-hundred day moving average price is $193.57. 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 (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 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 company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the prior year, the business posted $1.09 EPS. Cintas’s revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, equities analysts predict 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. Shareholders of record on Friday, February 13th will be issued a $0.45 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas’s dividend payout ratio (DPR) is 52.48%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CTAS. Bank of America started coverage on Cintas in a report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target on the stock. Citigroup restated a “sell” rating and set a $181.00 target price (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a research note on Friday, December 19th. UBS Group reiterated a “buy” rating on shares of Cintas in a research report on Friday, December 19th. Finally, Robert W. Baird boosted their price target on shares of Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently 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.