Intech Investment Management LLC Lowers Holdings in Cintas Corporation $CTAS

Intech Investment Management LLC trimmed its stake in Cintas Corporation (NASDAQ:CTAS) by 24.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 34,427 shares of the business services provider’s stock after selling 10,871 shares during the quarter. Intech Investment Management LLC’s holdings in Cintas were worth $7,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alpine Bank Wealth Management boosted its stake in Cintas by 1,092.9% in the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after purchasing an additional 153 shares in the last quarter. WPG Advisers LLC increased its stake in Cintas by 90.0% during the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 81 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Cintas by 3,925.0% in the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after buying an additional 157 shares during the last quarter. Addison Advisors LLC lifted its stake in shares of Cintas by 57.0% in the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after buying an additional 61 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its stake in shares of Cintas by 84.0% in the third quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock worth $37,000 after buying an additional 84 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 1.4%

NASDAQ:CTAS opened at $201.13 on Friday. The company has a market cap of $80.43 billion, a PE ratio of 58.64, a price-to-earnings-growth ratio of 3.58 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. The company has a 50 day simple moving average of $193.07 and a two-hundred day simple moving average of $194.75. Cintas Corporation has a 12 month low of $180.39 and a 12 month 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 for the quarter, beating 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 firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the prior year, the firm earned $1.09 EPS. The company’s 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. Research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders 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 of this dividend is Friday, February 13th. Cintas’s dividend payout ratio (DPR) is presently 52.48%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Rothschild & Co Redburn set a $184.00 price target on shares of Cintas in a research report on Tuesday, November 11th. Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and increased their target price for the company from $205.00 to $245.00 in a research note on Wednesday, January 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Friday, December 19th. Finally, Morgan Stanley dropped their price objective on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $218.17.

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.