Victory Capital Management Inc. Reduces Stake in Cintas Corporation $CTAS

Victory Capital Management Inc. cut its holdings in Cintas Corporation (NASDAQ:CTAS) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 345,533 shares of the business services provider’s stock after selling 31,396 shares during the period. Victory Capital Management Inc. owned about 0.09% of Cintas worth $70,924,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTAS. Portside Wealth Group LLC increased its stake in shares of Cintas by 3.5% during the 2nd quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock worth $303,000 after purchasing an additional 46 shares in the last quarter. Beacon Investment Advisors LLC grew its holdings in Cintas by 3.2% during the 2nd quarter. Beacon Investment Advisors LLC now owns 1,725 shares of the business services provider’s stock valued at $381,000 after buying an additional 53 shares during the last quarter. CreativeOne Wealth LLC increased its position in Cintas by 0.3% during the second quarter. CreativeOne Wealth LLC now owns 16,697 shares of the business services provider’s stock worth $3,721,000 after buying an additional 54 shares in the last quarter. Woodward Diversified Capital LLC increased its position in Cintas by 4.7% during the third quarter. Woodward Diversified Capital LLC now owns 1,229 shares of the business services provider’s stock worth $252,000 after buying an additional 55 shares in the last quarter. Finally, Continuum Advisory LLC raised its holdings in shares of Cintas by 0.8% in the third quarter. Continuum Advisory LLC now owns 6,894 shares of the business services provider’s stock worth $1,415,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group reiterated a “buy” rating on shares of Cintas in a research report on Friday, December 19th. Morgan Stanley decreased their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and lifted their price target for the stock from $205.00 to $245.00 in a report on Wednesday, January 14th. Robert W. Baird upped their price objective on shares of Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Finally, Sanford C. Bernstein started coverage on shares of Cintas in a research report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $218.17.

Cintas Trading Up 2.2%

CTAS opened at $204.53 on Friday. The firm has a market capitalization of $81.79 billion, a P/E ratio of 59.63, a P/E/G ratio of 3.61 and a beta of 0.95. The firm’s 50 day moving average is $194.10 and its 200-day moving average is $194.20. 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 52-week low of $180.39 and a 52-week high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. The firm 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%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas’s payout ratio is currently 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.