Cintas Corporation $CTAS Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the 3rd quarter, HoldingsChannel reports. The firm bought 281,930 shares of the business services provider’s stock, valued at approximately $54,993,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC raised its holdings in shares of Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 137 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Cintas during the second quarter valued at approximately $27,000. Archer Investment Corp bought a new position in shares of Cintas during the first quarter valued at approximately $32,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of Cintas during the third quarter valued at approximately $37,000. Finally, Highland Investment Advisors LLC purchased a new position in Cintas during the second quarter valued at approximately $32,000. 63.46% of the stock is currently owned by institutional investors.

More Cintas News

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: A report that the Federal Trade Commission has not indicated it will block the UniFirst transaction narrowed the deal spread and reduced near-term fears of a failed acquisition. The deal could expand Cintas’s scale and market position if completed. UniFirst/Cintas spread narrows on report FTC hasn’t indicated it will block deal
• Positive Sentiment: Investor letters cited solid earnings, operational execution and record fourth-quarter margins, alongside a higher outlook. Cintas previously exceeded quarterly EPS and revenue expectations, with revenue up 10.9% year over year, reinforcing confidence in demand and profitability. Cintas Corporation Gains as Record Q4 Margins Fuel Guidance Increase
• Positive Sentiment: The board approved a quarterly dividend of $0.52 per share, supporting Cintas’s shareholder-return profile. Cintas approves dividend
• Neutral Sentiment: Shareholders approved Cintas’s reincorporation proposal and board slate, removing a governance-related uncertainty but offering limited immediate earnings impact. Cintas Shareholders Approve Reincorporation and Board Slate
• Negative Sentiment: The FTC may still sue to block the UniFirst deal. A failed transaction could require Cintas to pay a $350 million termination fee and eliminate the anticipated strategic benefits. FTC Puts a Wrinkle in the Cintas and UniFirst Merger

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CTAS. Argus boosted their price objective on shares of Cintas from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cintas in a research report on Thursday, September 10th. Wells Fargo & Company reiterated an “overweight” rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Citigroup boosted their price target on Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a research report on Wednesday, September 30th. Finally, Rothschild & Co Redburn upped their price objective on Cintas from $184.00 to $198.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.62.

Cintas Price Performance

CTAS stock opened at $219.82 on Monday. The company has a market capitalization of $87.29 billion, a P/E ratio of 43.36, a price-to-earnings-growth ratio of 3.49 and a beta of 0.86. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $226.68. The firm’s fifty day simple moving average is $204.45 and its 200-day simple moving average is $190.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.35 by $0.04. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. Cintas’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, equities research analysts forecast that Cintas Corporation will post 5.53 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 13th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Cintas’s dividend payout ratio (DPR) is presently 41.03%.

About Cintas

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.