Algebris UK Ltd. Buys Shares of 6,081 Cintas Corporation $CTAS

Algebris UK Ltd. purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,081 shares of the business services provider’s stock, valued at approximately $1,247,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Cintas in the second quarter valued at approximately $925,531,000. Los Angeles Capital Management LLC boosted its position in shares of Cintas by 90.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,214,098 shares of the business services provider’s stock worth $270,586,000 after purchasing an additional 575,372 shares during the last quarter. Panagora Asset Management Inc. boosted its position in shares of Cintas by 264.9% in the 2nd quarter. Panagora Asset Management Inc. now owns 776,042 shares of the business services provider’s stock worth $172,956,000 after purchasing an additional 563,366 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Cintas by 1.4% during the second quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after purchasing an additional 524,829 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Cintas by 11.2% during the second quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock worth $1,094,596,000 after purchasing an additional 495,486 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Stock Down 0.1%

Shares of CTAS stock opened at $192.96 on Monday. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average of $188.19 and a 200-day moving average of $198.94. The company has a market capitalization of $77.16 billion, a price-to-earnings ratio of 56.26, a P/E/G ratio of 3.30 and a beta of 0.97.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, beating the consensus estimate 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 firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, equities research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas announced that its board has approved a stock buyback plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Cintas Announces Dividend

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

Wall Street Analyst Weigh In

CTAS has been the topic of several analyst reports. Argus raised Cintas to a “strong-buy” rating in a research note on Wednesday, January 21st. UBS Group reiterated a “buy” rating on shares of Cintas in a research report on Friday, December 19th. Citigroup reissued a “sell” rating and set a $181.00 price objective (up previously from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Redburn Partners set a $184.00 target price on shares of Cintas in a research note on Tuesday, November 11th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $214.86.

About Cintas

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.