Prana Capital Management LP Makes New $14.31 Million Investment in Cintas Corporation $CTAS

Prana Capital Management LP bought a new stake in Cintas Corporation (NASDAQ:CTAS) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 69,725 shares of the business services provider’s stock, valued at approximately $14,312,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Cintas by 1.5% in the third quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock worth $7,994,594,000 after purchasing an additional 564,487 shares in the last quarter. State Street Corp raised its stake in Cintas by 0.5% during the second quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock valued at $3,369,391,000 after buying an additional 82,029 shares in the last quarter. Invesco Ltd. raised its stake in Cintas by 11.2% during the second quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock valued at $1,094,596,000 after buying an additional 495,486 shares in the last quarter. Norges Bank bought a new position in Cintas during the 2nd quarter worth approximately $925,531,000. Finally, Nordea Investment Management AB grew its position in shares of Cintas by 3.0% in the 3rd quarter. Nordea Investment Management AB now owns 2,570,609 shares of the business services provider’s stock worth $526,975,000 after acquiring an additional 73,877 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 0.1%

Shares of CTAS stock opened at $192.84 on Wednesday. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The firm has a market capitalization of $77.11 billion, a PE ratio of 56.22, a price-to-earnings-growth ratio of 3.47 and a beta of 0.95. The stock has a fifty day moving average of $195.42 and a two-hundred day moving average of $192.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71.

Cintas (NASDAQ:CTAS) last issued 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. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the company earned $1.09 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, research analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were paid a dividend of $0.45 per share. 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 presently 52.48%.

Wall Street Analyst Weigh In

CTAS has been the subject of a number of research analyst reports. Bank of America initiated coverage on Cintas in a report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target for the company. UBS Group restated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price for the company in a research note on Wednesday, March 11th. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research report on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. One research 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.25.

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.