Cintas Corporation $CTAS Shares Bought by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co grew its stake in Cintas Corporation (NASDAQ:CTAS) by 15.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 67,556 shares of the business services provider’s stock after buying an additional 8,800 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Cintas were worth $13,867,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in CTAS. Brighton Jones LLC grew its holdings in Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after acquiring an additional 108 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Cintas by 42.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after purchasing an additional 428 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new position in shares of Cintas during the second quarter worth $208,000. Boston Trust Walden Corp increased its holdings in Cintas by 137.6% in the second quarter. Boston Trust Walden Corp now owns 3,478 shares of the business services provider’s stock valued at $775,000 after buying an additional 2,014 shares during the last quarter. Finally, Sagespring Wealth Partners LLC raised its stake in Cintas by 19.1% in the second quarter. Sagespring Wealth Partners LLC now owns 4,043 shares of the business services provider’s stock valued at $901,000 after buying an additional 647 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CTAS. Argus raised Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Robert W. Baird upped their price target on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Rothschild & Co Redburn set a $184.00 price target on shares of Cintas in a research note on Tuesday, November 11th. Morgan Stanley reduced their price objective on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Finally, Sanford C. Bernstein started coverage on shares of Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Cintas currently has a consensus rating of “Moderate Buy” and an average target price of $221.08.

Cintas Stock Performance

Shares of Cintas stock opened at $196.10 on Friday. The firm’s fifty day simple moving average is $190.80 and its 200-day simple moving average is $196.74. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24. The stock has a market capitalization of $78.42 billion, a price-to-earnings ratio of 57.17, a PEG ratio of 3.43 and a beta of 0.95. 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 (NASDAQ:CTAS) last issued its quarterly earnings data 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 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 last 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 forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, February 13th. Cintas’s payout ratio is 52.48%.

Cintas declared that its board has initiated a share buyback plan on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Cintas 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.