Achmea Investment Management B.V. Has $33.32 Million Stock Position in Cintas Corporation $CTAS

Achmea Investment Management B.V. increased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 162,334 shares of the business services provider’s stock after acquiring an additional 3,864 shares during the quarter. Achmea Investment Management B.V.’s holdings in Cintas were worth $33,321,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Triumph Capital Management bought a new position in shares of Cintas in the 3rd quarter valued at about $29,000. Alpine Bank Wealth Management boosted its position in shares of Cintas by 1,092.9% in the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after purchasing an additional 153 shares during the last quarter. WPG Advisers LLC grew its position in shares of Cintas by 90.0% during the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after buying an additional 81 shares during the period. Salomon & Ludwin LLC increased its stake in Cintas by 84.0% in the third quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 84 shares in the last quarter. Finally, Evolution Wealth Management Inc. acquired a new stake in Cintas during the 2nd quarter worth $45,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.1%

Cintas stock opened at $192.84 on Wednesday. The company has a market capitalization of $77.11 billion, a PE ratio of 56.22, a PEG ratio of 3.47 and a beta of 0.95. The firm’s fifty day moving average is $195.42 and its 200 day moving average is $192.97. 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 Corporation has a 12-month low of $180.39 and a 12-month high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly 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 net margin of 17.58% and a return on equity of 41.07%. Cintas’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, sell-side analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas’s dividend payout ratio (DPR) is 52.48%.

Analysts Set New Price Targets

Several brokerages have commented on CTAS. UBS Group restated a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Citigroup reiterated a “sell” rating and issued a $181.00 price target (up from $176.00) on shares of Cintas in a report on Monday, December 22nd. Argus upgraded shares of Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and boosted their price objective for the company from $205.00 to $245.00 in a research report on Wednesday, January 14th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.25.

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.