ING Groep NV Increases Stock Position in Cintas Corporation $CTAS

ING Groep NV grew its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 135.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 376,396 shares of the business services provider’s stock after buying an additional 216,731 shares during the period. ING Groep NV owned 0.09% of Cintas worth $77,259,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Portside Wealth Group LLC lifted its position in Cintas by 3.5% during the 2nd quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock valued at $303,000 after acquiring an additional 46 shares during the period. Elyxium Wealth LLC increased its stake in shares of Cintas by 3.8% during the second quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 48 shares in the last quarter. Beacon Investment Advisors LLC increased its stake in shares of Cintas by 3.2% during the second quarter. Beacon Investment Advisors LLC now owns 1,725 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 53 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in shares of Cintas by 0.3% during the second quarter. CreativeOne Wealth LLC now owns 16,697 shares of the business services provider’s stock valued at $3,721,000 after purchasing an additional 54 shares during the last quarter. Finally, Woodward Diversified Capital LLC boosted its position in shares of Cintas by 4.7% in the 3rd quarter. Woodward Diversified Capital LLC now owns 1,229 shares of the business services provider’s stock worth $252,000 after purchasing an additional 55 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CTAS has been the topic of several recent research reports. Robert W. Baird upped their price target on Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Rothschild & Co Redburn set a $184.00 target price on Cintas in a report on Tuesday, November 11th. Argus upgraded Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Sanford C. Bernstein started coverage on Cintas in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target for the company. Finally, Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and upped their price target for the stock from $205.00 to $245.00 in a research note on Wednesday, January 14th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cintas has a consensus rating of “Moderate Buy” and a consensus target price of $221.08.

Cintas Trading Up 2.3%

Shares of NASDAQ:CTAS opened at $199.31 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. 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 $79.70 billion, a P/E ratio of 58.11, a PEG ratio of 3.34 and a beta of 0.95. The stock’s fifty day moving average price is $190.25 and its 200-day moving average price is $196.72.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the company earned $1.09 EPS. Cintas’s revenue for the quarter was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Sell-side analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business 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. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s payout ratio is presently 52.48%.

Cintas announced that its board has approved a share repurchase program on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes 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 stock is undervalued.

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.