Robeco Institutional Asset Management B.V. Reduces Stock Position in Cintas Corporation $CTAS

Robeco Institutional Asset Management B.V. cut its holdings in Cintas Corporation (NASDAQ:CTAS) by 88.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,893 shares of the business services provider’s stock after selling 676,964 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Cintas were worth $18,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. D.A. Davidson & CO. increased its stake in shares of Cintas by 1.9% during the third quarter. D.A. Davidson & CO. now owns 16,522 shares of the business services provider’s stock valued at $3,391,000 after buying an additional 310 shares during the period. Motco boosted its holdings in Cintas by 1.4% in the third quarter. Motco now owns 27,670 shares of the business services provider’s stock valued at $5,680,000 after acquiring an additional 381 shares in the last quarter. Centennial Wealth Advisory LLC increased its position in Cintas by 31.5% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 1,694 shares of the business services provider’s stock valued at $348,000 after purchasing an additional 406 shares during the period. Alpine Bank Wealth Management raised its holdings in 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 in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of Cintas by 3.4% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,890 shares of the business services provider’s stock worth $798,000 after purchasing an additional 129 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $190.26 on Friday. The business has a fifty day moving average price of $186.22 and a 200-day moving average price of $201.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. The company has a market capitalization of $76.46 billion, a PE ratio of 55.47, a PEG ratio of 3.21 and a beta of 0.97. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24.

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. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. Cintas’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, equities analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas announced that its board has approved a share 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 buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, November 14th. Cintas’s payout ratio is presently 52.48%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Robert W. Baird increased their price target 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. Morgan Stanley lowered their target price on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Wells Fargo & Company set a $205.00 price target on Cintas and gave the company an “equal weight” rating in a research report on Friday, December 19th. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research report on Friday, December 19th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $212.00.

Cintas Company 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.