ProShare Advisors LLC Sells 124,404 Shares of Cintas Corporation $CTAS

ProShare Advisors LLC lowered its position in Cintas Corporation (NASDAQ:CTAS) by 9.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,256,183 shares of the business services provider’s stock after selling 124,404 shares during the quarter. Cintas accounts for approximately 0.5% of ProShare Advisors LLC’s investment portfolio, making the stock its 28th largest position. ProShare Advisors LLC owned approximately 0.31% of Cintas worth $257,844,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CTAS. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position 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 purchasing an additional 2,628 shares during the last quarter. HBK Sorce Advisory LLC raised its position in shares of Cintas by 197.4% during the third quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock worth $1,858,000 after acquiring an additional 6,202 shares during the last quarter. Scalar Gauge Management LLC lifted its stake in shares of Cintas by 210.0% in the third 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 during the period. Vanguard Group Inc. boosted its holdings in Cintas by 1.4% in the second quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock valued at $8,554,672,000 after acquiring an additional 524,829 shares during the last quarter. Finally, Generate Investment Management Ltd bought a new stake in Cintas in the third quarter valued at approximately $7,431,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $195.87 on Monday. The firm has a market capitalization of $78.33 billion, a P/E ratio of 57.10, a P/E/G ratio of 3.35 and a beta of 0.95. The firm’s 50-day moving average price is $189.76 and its 200-day moving average price is $197.09. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24.

Cintas (NASDAQ:CTAS) last issued its 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. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities research analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas declared that its board has authorized a stock buyback program on Tuesday, October 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CTAS. Citigroup restated a “sell” rating and set a $181.00 price target (up previously from $176.00) on shares of Cintas in a report on Monday, December 22nd. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a report on Friday, December 19th. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. Finally, Sanford C. Bernstein started coverage on Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $221.08.

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.