Cibc World Market Inc. Boosts Stake in Cintas Corporation $CTAS

Cibc World Market Inc. raised its holdings in Cintas Corporation (NASDAQ:CTAS) by 33.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,433 shares of the business services provider’s stock after acquiring an additional 8,346 shares during the period. Cibc World Market Inc.’s holdings in Cintas were worth $6,862,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after buying an additional 108 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of Cintas by 42.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after acquiring an additional 428 shares during the last quarter. Harbour Investments Inc. raised its holdings in shares of Cintas by 99.0% during the 2nd quarter. Harbour Investments Inc. now owns 1,027 shares of the business services provider’s stock worth $229,000 after acquiring an additional 511 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Cintas during the 2nd quarter worth $346,000. Finally, First National Bank of Mount Dora Trust Investment Services boosted its position in shares of Cintas by 2.7% during the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 13,380 shares of the business services provider’s stock valued at $2,982,000 after acquiring an additional 355 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley reduced their target price on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Sanford C. Bernstein initiated coverage on shares of Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price target for the company. Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and upped their price objective for the company from $205.00 to $245.00 in a report on Wednesday, January 14th. Rothschild & Co Redburn set a $184.00 price objective on Cintas in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $221.08.

Cintas Price Performance

Shares of CTAS opened at $193.44 on Friday. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. The firm’s 50 day moving average price is $190.94 and its 200 day moving average price is $196.55. The company has a market cap of $77.35 billion, a P/E ratio of 56.40, a PEG ratio of 3.36 and a beta of 0.95. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share (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 return on equity of 41.07% and a net margin of 17.58%.The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas announced that its Board of Directors has initiated a share buyback program on Tuesday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s payout ratio is 52.48%.

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.