Cintas Corporation $CTAS Shares Sold by Aberdeen Group plc

Aberdeen Group plc reduced its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,929 shares of the business services provider’s stock after selling 5,031 shares during the period. Aberdeen Group plc owned 0.07% of Cintas worth $56,021,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CTAS. Assetmark Inc. raised its stake in Cintas by 21.7% during the third quarter. Assetmark Inc. now owns 15,346 shares of the business services provider’s stock worth $3,150,000 after purchasing an additional 2,739 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of Cintas by 15.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 27,010 shares of the business services provider’s stock worth $5,544,000 after buying an additional 3,566 shares during the last quarter. ICW Investment Advisors LLC raised its position in shares of Cintas by 9.9% in the 3rd quarter. ICW Investment Advisors LLC now owns 4,122 shares of the business services provider’s stock worth $846,000 after buying an additional 371 shares during the period. Wedbush Securities Inc. raised its position in shares of Cintas by 30.7% in the 3rd quarter. Wedbush Securities Inc. now owns 11,082 shares of the business services provider’s stock worth $2,275,000 after buying an additional 2,600 shares during the period. Finally, Varma Mutual Pension Insurance Co boosted its holdings in Cintas by 15.0% in the third quarter. Varma Mutual Pension Insurance Co now owns 67,556 shares of the business services provider’s stock valued at $13,867,000 after acquiring an additional 8,800 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Price Performance

CTAS opened at $193.44 on Monday. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The firm has a market cap of $77.35 billion, a price-to-earnings ratio of 56.40, a PEG ratio of 3.31 and a beta of 0.95. 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 company has a fifty day simple moving average of $190.94 and a 200 day simple moving average of $196.18.

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

Cintas announced that its Board of Directors has initiated a share repurchase plan on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be paid 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 payout ratio is 52.48%.

Analysts Set New Price Targets

CTAS has been the topic of a number of research reports. Sanford C. Bernstein initiated coverage on Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective on the stock. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Citigroup reaffirmed a “sell” rating and set a $181.00 price target (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Robert W. Baird boosted their price objective 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. Finally, Rothschild & Co Redburn set a $184.00 target price on shares of Cintas in a research note on Tuesday, November 11th. One 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 data from MarketBeat, the company presently has a consensus 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.