NEOS Investment Management LLC Has $34.49 Million Holdings in Cintas Corporation $CTAS

NEOS Investment Management LLC increased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 60.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,019 shares of the business services provider’s stock after buying an additional 63,403 shares during the period. NEOS Investment Management LLC’s holdings in Cintas were worth $34,488,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Cintas by 800.0% in 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 period. Alpine Bank Wealth Management increased its position in Cintas by 1,092.9% during the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after buying an additional 153 shares during the last quarter. WPG Advisers LLC increased its position in Cintas by 90.0% during the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after buying an additional 81 shares during the last quarter. Golden State Wealth Management LLC raised its stake 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 during the period. Finally, Addison Advisors LLC lifted its position in shares of Cintas by 57.0% in 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 last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

CTAS has been the topic of a number of recent analyst reports. Morgan Stanley decreased their target price on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Rothschild & Co Redburn set a $184.00 price objective on shares of Cintas in a report on Tuesday, November 11th. Sanford C. Bernstein assumed coverage on shares of Cintas in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. Finally, Argus raised shares of Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $221.08.

Cintas Stock Down 1.4%

CTAS opened at $193.44 on Tuesday. The stock has a fifty day moving average of $191.14 and a 200-day moving average of $195.98. The company has a market capitalization of $77.35 billion, a P/E ratio of 56.40, a P/E/G ratio of 3.31 and a beta of 0.95. 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 0.54, a quick ratio of 1.49 and a current ratio of 1.71.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The business’s revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, equities analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business 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 dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas’s dividend payout ratio is currently 52.48%.

Cintas announced that its board has initiated 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 shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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.