Bank of Montreal Can Buys 219,379 Shares of Cintas Corporation $CTAS

Bank of Montreal Can grew its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 48.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 668,877 shares of the business services provider’s stock after buying an additional 219,379 shares during the quarter. Bank of Montreal Can owned approximately 0.17% of Cintas worth $149,073,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Alpha Financial Partners LLC grew its stake in shares of Cintas by 2.9% during the second quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock worth $357,000 after buying an additional 45 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Cintas by 3.9% during 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 buying an additional 47 shares during the last quarter. Oarsman Capital Inc. grew its stake in shares of Cintas by 3.9% during 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 during the last quarter. Independent Wealth Network Inc. grew its stake in shares of Cintas by 4.8% in the second quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock worth $240,000 after purchasing an additional 49 shares during the last quarter. Finally, PDS Planning Inc grew its stake in shares of Cintas by 2.0% in the second quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock worth $559,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

CTAS has been the topic of several analyst reports. Royal Bank Of Canada reduced 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 note on Thursday, September 25th. Citigroup boosted their price objective on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research note on Friday, September 26th. Robert W. Baird boosted their price objective on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. UBS Group boosted their price objective on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cintas in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Cintas currently has a consensus rating of “Hold” and an average target price of $222.09.

Cintas Price Performance

CTAS stock opened at $182.04 on Tuesday. The firm has a market cap of $73.16 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 3.18 and a beta of 1.01. 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 Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. The company’s fifty day simple moving average is $198.13 and its 200 day simple moving average is $211.67.

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

Cintas declared that its Board of Directors has authorized a stock repurchase plan 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 plans are usually a sign that the company’s management believes its shares are undervalued.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Cintas’s dividend payout ratio is currently 40.82%.

Cintas 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.