Mesirow Financial Investment Management Inc. Sells 920 Shares of Cintas Corporation $CTAS

Mesirow Financial Investment Management Inc. lessened its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 31.2% during the 2nd quarter, Holdings Channel reports. The fund owned 2,032 shares of the business services provider’s stock after selling 920 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Cintas were worth $453,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Cintas by 1.3% during the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock valued at $7,781,223,000 after purchasing an additional 491,307 shares in the last quarter. Nuveen LLC bought a new stake in shares of Cintas in the 1st quarter valued at about $1,877,760,000. Northern Trust Corp boosted its holdings in shares of Cintas by 0.7% in the 1st quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider’s stock valued at $841,749,000 after buying an additional 28,469 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Cintas by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider’s stock valued at $591,373,000 after buying an additional 59,162 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Cintas by 17.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,615,330 shares of the business services provider’s stock valued at $538,303,000 after buying an additional 386,721 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS opened at $183.27 on Friday. The stock has a 50-day moving average of $198.73 and a two-hundred day moving average of $211.78. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The stock has a market cap of $73.65 billion, a P/E ratio of 41.56, a P/E/G ratio of 3.18 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping 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 analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The firm’s revenue 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, research analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas announced that its Board of Directors has approved a stock repurchase plan on Tuesday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 14th will be issued 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 dividend yield of 1.0%. Cintas’s payout ratio is 40.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CTAS shares. Royal Bank Of Canada lowered their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research note on Thursday, September 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Cintas in a research report on Wednesday, October 8th. Morgan Stanley raised their price objective on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. lowered their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Finally, Wells Fargo & Company lowered their price target on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Cintas has an average rating of “Hold” and an average target price of $222.09.

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.