MAI Capital Management Has $10.52 Million Stock Holdings in Cintas Corporation $CTAS

MAI Capital Management grew its position in Cintas Corporation (NASDAQ:CTAS) by 28.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,263 shares of the business services provider’s stock after purchasing an additional 11,332 shares during the quarter. MAI Capital Management’s holdings in Cintas were worth $10,522,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Cintas by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock worth $7,994,594,000 after acquiring an additional 564,487 shares during the period. State Street Corp grew its position in shares of Cintas by 0.5% in the second quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock valued at $3,369,391,000 after purchasing an additional 82,029 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Cintas by 3.5% in the second quarter. Geode Capital Management LLC now owns 9,192,013 shares of the business services provider’s stock worth $2,049,017,000 after purchasing an additional 314,860 shares during the period. Invesco Ltd. lifted its position in shares of Cintas by 11.2% during the 2nd quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock worth $1,094,596,000 after purchasing an additional 495,486 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Cintas during the 2nd quarter worth about $925,531,000. 63.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Rothschild & Co Redburn set a $184.00 target price on Cintas in a report on Tuesday, November 11th. Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and raised their price objective for the stock from $205.00 to $245.00 in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. UBS Group reissued a “buy” rating on shares of Cintas in a report on Friday, December 19th. Finally, Argus upgraded shares of Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. One 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $218.17.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $196.78 on Thursday. The firm has a market capitalization of $78.69 billion, a price-to-earnings ratio of 57.37, a PEG ratio of 3.58 and a beta of 0.95. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24. The business has a fifty day simple moving average of $192.63 and a 200 day simple moving average of $194.88. 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 announced its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Sell-side analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors 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 is 52.48%.

Cintas 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.