Caprock Group LLC Takes $11.36 Million Position in Cintas Corporation $CTAS

Caprock Group LLC purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 53,986 shares of the business services provider’s stock, valued at approximately $11,363,000.

Several other hedge funds also recently added to or reduced their stakes in CTAS. Norges Bank purchased a new stake in Cintas in the second quarter valued at $925,531,000. Los Angeles Capital Management LLC increased its position 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 purchasing an additional 575,372 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in Cintas by 264.9% in the 2nd quarter. Panagora Asset Management Inc. now owns 776,042 shares of the business services provider’s stock valued at $172,956,000 after buying an additional 563,366 shares during the period. Vanguard Group Inc. raised its holdings in Cintas by 1.4% in the 2nd 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 period. Finally, Invesco Ltd. lifted its position in Cintas by 11.2% in the second quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock valued at $1,094,596,000 after buying an additional 495,486 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and upped their price target for the stock from $205.00 to $245.00 in a research note on Wednesday, January 14th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research note on Friday, December 19th. Sanford C. Bernstein began coverage on Cintas in a research note on Wednesday, November 12th. They set a “market perform” rating and a $200.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cintas has a consensus rating of “Moderate Buy” and an average price target of $221.08.

Cintas Stock Up 2.3%

Shares of NASDAQ CTAS opened at $199.31 on Wednesday. The stock has a market cap of $79.70 billion, a P/E ratio of 58.11, a PEG ratio of 3.34 and a beta of 0.95. The business’s fifty day simple moving average is $190.25 and its 200-day simple moving average is $196.72. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.Cintas’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, equities analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, February 13th. Cintas’s dividend payout ratio (DPR) is presently 52.48%.

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

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.