Cintas Corporation $CTAS Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP decreased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 48.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,135 shares of the business services provider’s stock after selling 32,268 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Cintas were worth $7,007,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CTAS. Capitolis Liquid Global Markets LLC acquired a new stake in shares of Cintas in the 3rd quarter valued at about $25,247,000. Clark Capital Management Group Inc. grew its stake in Cintas by 1.5% during the 3rd quarter. Clark Capital Management Group Inc. now owns 226,605 shares of the business services provider’s stock worth $46,513,000 after buying an additional 3,331 shares during the last quarter. Ausdal Financial Partners Inc. increased its position in Cintas by 75.3% during the third quarter. Ausdal Financial Partners Inc. now owns 4,010 shares of the business services provider’s stock worth $823,000 after buying an additional 1,723 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. increased its position in Cintas by 3.4% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 88,394 shares of the business services provider’s stock worth $18,141,000 after buying an additional 2,927 shares during the period. Finally, California Public Employees Retirement System lifted its stake in Cintas by 19.0% in the third quarter. California Public Employees Retirement System now owns 792,816 shares of the business services provider’s stock valued at $162,733,000 after buying an additional 126,845 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

CTAS has been the subject of several research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a report on Friday, December 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target for the company in a research note on Wednesday. Bank of America started coverage on shares of Cintas in a research report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price objective on the stock. Finally, UBS Group restated a “buy” rating on shares of Cintas in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.25.

Cintas Stock Up 0.5%

Cintas stock opened at $194.28 on Friday. The stock has a 50 day moving average of $195.16 and a two-hundred day moving average of $193.34. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The stock has a market capitalization of $77.69 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 3.50 and a beta of 0.95. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results 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 business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the business 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 earnings per share for the current year.

Cintas Dividend Announcement

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