Atria Investments Inc Has $3.32 Million Position in Cintas Corporation $CTAS

Atria Investments Inc lessened its holdings in Cintas Corporation (NASDAQ:CTAS) by 21.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,150 shares of the business services provider’s stock after selling 4,509 shares during the quarter. Atria Investments Inc’s holdings in Cintas were worth $3,315,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings 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. State Street Corp raised its position in Cintas by 0.5% during the 2nd quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock worth $3,369,391,000 after purchasing an additional 82,029 shares during the last quarter. Geode Capital Management LLC raised its position in Cintas by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 9,192,013 shares of the business services provider’s stock worth $2,049,017,000 after purchasing an additional 314,860 shares during the last quarter. Invesco Ltd. lifted its holdings in Cintas by 11.2% during the 2nd quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock worth $1,094,596,000 after buying an additional 495,486 shares during the period. Finally, Norges Bank bought a new stake in shares of Cintas in the 2nd quarter valued at about $925,531,000. 63.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of analyst reports. Morgan Stanley lowered their price objective on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research note on Friday, December 19th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research report on Friday, December 19th. Finally, Sanford C. Bernstein started coverage on shares of Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price on the stock. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $221.08.

Cintas Trading Down 1.4%

CTAS opened at $193.44 on Monday. The company has a fifty day moving average price of $190.94 and a two-hundred day moving average price of $196.18. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24. The company has a market cap of $77.35 billion, a P/E ratio of 56.40, a price-to-earnings-growth 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.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The business’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. Analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas declared that its board has authorized a share repurchase plan on Tuesday, October 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Cintas Announces Dividend

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 issued a dividend of $0.45 per share. The ex-dividend date is Friday, February 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s payout ratio is currently 52.48%.

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.