Lansforsakringar Fondforvaltning AB publ Acquires 2,578 Shares of Cintas Corporation $CTAS

Lansforsakringar Fondforvaltning AB publ boosted its holdings in Cintas Corporation (NASDAQ:CTAS) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 114,826 shares of the business services provider’s stock after buying an additional 2,578 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Cintas were worth $23,569,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Cintas by 1.5% during the third quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock valued at $7,994,594,000 after purchasing an additional 564,487 shares during the period. State Street Corp raised its stake 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 valued at $3,369,391,000 after buying an additional 82,029 shares during the last quarter. Geode Capital Management LLC raised its stake 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 valued at $2,049,017,000 after buying an additional 314,860 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Cintas by 11.2% during the 2nd quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock valued at $1,094,596,000 after buying an additional 495,486 shares during the period. Finally, Norges Bank purchased a new position in shares of Cintas in the 2nd quarter worth $925,531,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

NASDAQ CTAS opened at $200.02 on Monday. 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 12 month low of $180.39 and a 12 month high of $229.24. The stock has a market cap of $79.99 billion, a price-to-earnings ratio of 58.31, a PEG ratio of 3.61 and a beta of 0.95. The company’s 50 day moving average is $192.03 and its two-hundred day moving average is $195.24.

Cintas (NASDAQ:CTAS) last announced 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. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the firm earned $1.09 EPS. The company’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. As a group, research analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

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

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be paid a $0.45 dividend. The ex-dividend date of this dividend 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 is 52.48%.

Analysts Set New Price Targets

A number of research firms recently commented on CTAS. Sanford C. Bernstein initiated coverage on Cintas in a research report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective for the company. Robert W. Baird upped their price target on shares of Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and raised their price objective for the stock from $205.00 to $245.00 in a report on Wednesday, January 14th. UBS Group restated a “buy” rating on shares of Cintas in a research report on Friday, December 19th. Finally, Bank of America initiated coverage on shares of Cintas in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus target price of $218.17.

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.