Mufg Securities Americas Inc. Boosts Position in Cintas Corporation $CTAS

Mufg Securities Americas Inc. lifted its position in Cintas Corporation (NASDAQ:CTAS) by 25.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 7,606 shares of the business services provider’s stock after purchasing an additional 1,534 shares during the period. Mufg Securities Americas Inc.’s holdings in Cintas were worth $1,695,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CTAS. Alpha Financial Partners LLC lifted its stake in Cintas by 2.9% in the 2nd quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock worth $357,000 after purchasing an additional 45 shares in the last quarter. Portside Wealth Group LLC grew its position in shares of Cintas by 3.5% during the 2nd quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock valued at $303,000 after purchasing an additional 46 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Cintas by 3.9% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock worth $258,000 after purchasing an additional 47 shares during the period. Elyxium Wealth LLC raised its position in shares of Cintas by 3.8% in the second quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock worth $295,000 after buying an additional 48 shares in the last quarter. Finally, Oarsman Capital Inc. raised its position in shares of Cintas by 3.9% in the first quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock worth $272,000 after buying an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CTAS shares. Sanford C. Bernstein started coverage on Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price on the stock. Royal Bank Of Canada decreased their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Rothschild & Co Redburn raised shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective for the company in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $215.07.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $185.80 on Friday. The company’s fifty day moving average is $192.15 and its 200 day moving average is $209.33. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The stock has a market cap of $74.67 billion, a PE ratio of 42.13, a PEG ratio of 3.18 and a beta of 0.99. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51.

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

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be given a dividend of $0.45 per share. 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 presently 40.82%.

Cintas declared that its board has initiated a share repurchase plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.