Los Angeles Capital Management LLC Grows Position in Cintas Corporation $CTAS

Los Angeles Capital Management LLC increased its stake in Cintas Corporation (NASDAQ:CTAS) by 90.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,214,098 shares of the business services provider’s stock after purchasing an additional 575,372 shares during the period. Cintas makes up approximately 1.0% of Los Angeles Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Los Angeles Capital Management LLC’s holdings in Cintas were worth $270,586,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its position in Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 108 shares during the last quarter. CFO4Life Group LLC purchased a new position in Cintas in the 1st quarter worth $215,000. Allworth Financial LP lifted its stake in Cintas by 107.7% in the first quarter. Allworth Financial LP now owns 12,045 shares of the business services provider’s stock worth $2,526,000 after purchasing an additional 6,245 shares during the last quarter. Alps Advisors Inc. boosted its position in Cintas by 1.3% during the first quarter. Alps Advisors Inc. now owns 44,615 shares of the business services provider’s stock valued at $9,170,000 after buying an additional 559 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of Cintas by 2.7% during the first quarter. Cerity Partners LLC now owns 189,125 shares of the business services provider’s stock valued at $38,871,000 after buying an additional 5,016 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 0.1%

NASDAQ CTAS opened at $185.07 on Friday. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average price is $196.04 and its 200-day moving average price is $211.04. The stock has a market cap of $74.37 billion, a P/E ratio of 41.97, a P/E/G ratio of 3.18 and a beta of 0.99.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. Cintas’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas announced that its board has approved a stock repurchase program on Tuesday, October 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 14th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio is 40.82%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CTAS. Morgan Stanley increased their price objective on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Citigroup upped their price objective on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. UBS Group raised their target price on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Wells Fargo & Company decreased their price target on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, Robert W. Baird lifted their price objective on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $222.09.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.