Zions Bancorporation National Association UT Has $3.03 Million Stock Holdings in Cintas Corporation $CTAS

Zions Bancorporation National Association UT trimmed its position in Cintas Corporation (NASDAQ:CTAS) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,599 shares of the business services provider’s stock after selling 1,863 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Cintas were worth $3,031,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Nuveen LLC acquired a new position in Cintas during the first quarter worth approximately $1,877,760,000. Voya Investment Management LLC boosted its stake in shares of Cintas by 516.8% during the 1st quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock worth $175,529,000 after acquiring an additional 715,570 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Cintas by 90.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,214,098 shares of the business services provider’s stock worth $270,586,000 after acquiring an additional 575,372 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Cintas by 169.7% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider’s stock worth $187,235,000 after acquiring an additional 573,151 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Cintas by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock valued at $7,781,223,000 after acquiring an additional 491,307 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of research analyst reports. Robert W. Baird lifted their price objective on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a research note on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Wells Fargo & Company lowered their price target on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, Citigroup raised their price objective on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $222.09.

Cintas Price Performance

NASDAQ:CTAS opened at $185.07 on Friday. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The firm has a market cap of $74.37 billion, a price-to-earnings ratio of 41.97, a P/E/G ratio of 3.18 and a beta of 0.99. The firm’s 50-day simple moving average is $196.04 and its 200 day simple moving average is $211.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24.

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

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 dividend on an annualized basis and a yield of 1.0%. Cintas’s dividend payout ratio is currently 40.82%.

Cintas declared that its board has approved a share buyback 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 reacquire up to 1.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors 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.