Achmea Investment Management B.V. Buys 11,800 Shares of Cintas Corporation $CTAS

Achmea Investment Management B.V. grew its stake in Cintas Corporation (NASDAQ:CTAS) by 8.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,470 shares of the business services provider’s stock after purchasing an additional 11,800 shares during the quarter. Achmea Investment Management B.V.’s holdings in Cintas were worth $35,318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Crestwood Advisors Group LLC bought a new stake in Cintas in the 1st quarter valued at $270,000. BNP Paribas Financial Markets increased its holdings in Cintas by 25.5% in the 1st quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock valued at $162,615,000 after acquiring an additional 160,820 shares during the last quarter. Merit Financial Group LLC increased its holdings in Cintas by 11.2% in the 2nd quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock valued at $3,225,000 after acquiring an additional 1,459 shares during the last quarter. Comerica Bank increased its holdings in Cintas by 9.8% in the 1st quarter. Comerica Bank now owns 91,991 shares of the business services provider’s stock valued at $18,907,000 after acquiring an additional 8,215 shares during the last quarter. Finally, Canopy Partners LLC bought a new stake in Cintas in the 1st quarter valued at $329,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Price Performance

Cintas stock opened at $185.81 on Thursday. The stock has a market cap of $74.67 billion, a price-to-earnings ratio of 42.13, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. 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 Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The firm has a 50-day moving average of $197.01 and a two-hundred day moving average of $211.33.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data 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. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the company earned $1.10 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

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

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be issued a $0.45 dividend. The ex-dividend date is 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 weighed in on CTAS. UBS Group boosted their target price on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, July 18th. JPMorgan Chase & Co. reduced their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Cintas in a research note on Wednesday, October 8th. Citigroup boosted their price objective on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research note on Friday, September 26th. Finally, Wells Fargo & Company reduced their price objective on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $222.09.

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.