J. Safra Sarasin Holding AG Sells 3,916 Shares of Cintas Corporation $CTAS

J. Safra Sarasin Holding AG trimmed its stake in Cintas Corporation (NASDAQ:CTAS) by 48.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,224 shares of the business services provider’s stock after selling 3,916 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Cintas were worth $867,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CTAS. Barnes Dennig Private Wealth Management LLC lifted its holdings in Cintas by 800.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after buying an additional 128 shares during the period. Alpine Bank Wealth Management raised 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 acquiring an additional 153 shares in the last quarter. WPG Advisers LLC lifted its stake in shares of Cintas by 90.0% in the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 81 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Cintas by 3,925.0% during the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 157 shares in the last quarter. Finally, Addison Advisors LLC boosted its position in shares of Cintas by 57.0% during the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

CTAS has been the subject of a number of research reports. Rothschild Redb upgraded Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research report on Friday, December 19th. Argus raised shares of Cintas to a “strong-buy” rating in a research note on Wednesday, January 21st. Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and raised their target price for the company from $205.00 to $245.00 in a research note on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $214.86.

Cintas Trading Down 1.1%

NASDAQ:CTAS opened at $189.16 on Thursday. The stock has a market cap of $75.64 billion, a price-to-earnings ratio of 55.15, a PEG ratio of 3.27 and a beta of 0.97. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average price is $188.65 and its 200-day moving average price is $198.54. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24.

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, beating the consensus estimate of $1.20 by $0.01. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The firm’s quarterly revenue 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. On average, equities research analysts forecast that Cintas Corporation will post 4.31 earnings per share 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 buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, February 13th. Cintas’s dividend payout ratio (DPR) is presently 52.48%.

About Cintas

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.