Jag Capital Management LLC Sells 28,950 Shares of Cintas Corporation $CTAS

Jag Capital Management LLC reduced its position in shares of Cintas Corporation (NASDAQ:CTAS) by 95.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,444 shares of the business services provider’s stock after selling 28,950 shares during the period. Jag Capital Management LLC’s holdings in Cintas were worth $296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC raised its position in Cintas by 800.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after acquiring an additional 128 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of 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 in the last quarter. Alpine Bank Wealth Management lifted 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. Addison Advisors LLC boosted its stake in Cintas by 57.0% during the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after buying an additional 61 shares during the period. Finally, WPG Advisers LLC boosted its position in shares of 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 acquiring an additional 81 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of recent analyst reports. Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and raised their target price for the company from $205.00 to $245.00 in a research note on Wednesday, January 14th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a report on Friday, December 19th. Morgan Stanley dropped their price objective on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. Finally, Bank of America began coverage on Cintas in a report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cintas currently has an average rating of “Hold” and a consensus target price of $218.17.

Cintas Trading Up 0.1%

CTAS opened at $198.55 on Wednesday. The business has a 50 day simple moving average of $192.45 and a two-hundred day simple moving average of $194.87. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24. The firm has a market capitalization of $79.40 billion, a price-to-earnings ratio of 57.89, a PEG ratio of 3.58 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, beating analysts’ consensus estimates of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the firm earned $1.09 EPS. 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. Analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas declared that its Board of Directors has initiated a stock repurchase program on Tuesday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Cintas Announces Dividend

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

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.