NatWest Group plc Sells 22,812 Shares of Cintas Corporation $CTAS

NatWest Group plc decreased its stake in Cintas Corporation (NASDAQ:CTAS) by 43.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 29,905 shares of the business services provider’s stock after selling 22,812 shares during the period. Cintas accounts for approximately 1.5% of NatWest Group plc’s holdings, making the stock its 28th largest position. NatWest Group plc’s holdings in Cintas were worth $6,138,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CTAS. WPG Advisers LLC acquired a new stake in shares of Cintas in the 1st quarter valued at $27,000. Saudi Central Bank acquired a new stake in shares of Cintas during the 1st quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 128 shares during the last quarter. Golden State Wealth Management LLC boosted its position 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 valued at $36,000 after buying an additional 157 shares in the last quarter. Finally, Addison Advisors LLC grew 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 worth $37,000 after buying an additional 61 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $187.37 on Thursday. The firm’s 50 day simple moving average is $186.43 and its 200 day simple moving average is $204.93. The company has a market capitalization of $75.30 billion, a price-to-earnings ratio of 42.49, a P/E/G ratio of 3.24 and a beta of 0.96. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The business had revenue of $2.72 billion during 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%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, sell-side analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

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

Cintas Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on CTAS. Morgan Stanley cut their target price on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday. Royal Bank Of Canada cut their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday, September 25th. Sanford C. Bernstein started coverage on Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 target price on the stock. Wells Fargo & Company restated a “cautious” rating and issued a $185.00 target price (down from $218.00) on shares of Cintas in a research note on Tuesday, November 25th. Finally, Rothschild & Co Redburn upgraded shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target on the stock in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $212.00.

Cintas Company Profile

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.