Cintas Corporation $CTAS Stock Holdings Lowered by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. cut its position in Cintas Corporation (NASDAQ:CTAS) by 93.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,998 shares of the business services provider’s stock after selling 26,936 shares during the quarter. Cintas makes up about 0.8% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 17th largest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in Cintas were worth $410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Cintas by 1.4% during the second quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock valued at $8,554,672,000 after buying an additional 524,829 shares during the last quarter. State Street Corp raised its stake in Cintas by 0.5% during the 2nd quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock valued at $3,369,391,000 after acquiring an additional 82,029 shares in the last quarter. Geode Capital Management LLC boosted its position in Cintas by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 9,192,013 shares of the business services provider’s stock worth $2,049,017,000 after acquiring an additional 314,860 shares during the period. Invesco Ltd. grew its stake in shares of Cintas by 11.2% in the second quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock worth $1,094,596,000 after purchasing an additional 495,486 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Cintas in the second quarter worth $925,531,000. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a report on Monday. JPMorgan Chase & Co. reduced their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Rothschild & Co Redburn upgraded shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target for the company in a research report on Tuesday, November 11th. Finally, Redburn Partners set a $184.00 price objective on shares of Cintas in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $212.71.

Cintas Stock Performance

Shares of CTAS opened at $187.62 on Wednesday. The company has a market capitalization of $75.40 billion, a PE ratio of 42.54, a PEG ratio of 3.26 and a beta of 0.96. 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 company’s 50 day moving average price is $186.66 and its 200 day moving average price is $205.06. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24.

Cintas (NASDAQ:CTAS) last issued its earnings results 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 company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the business posted $1.10 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Research analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 14th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, November 14th. Cintas’s dividend payout ratio is presently 40.82%.

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

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.