Zions Bancorporation National Association UT Has $1.47 Million Position in Cintas Corporation $CTAS

Zions Bancorporation National Association UT cut its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 47.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,158 shares of the business services provider’s stock after selling 6,441 shares during the period. Zions Bancorporation National Association UT’s holdings in Cintas were worth $1,469,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CTAS. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Cintas by 2.7% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,876 shares of the business services provider’s stock worth $20,501,000 after purchasing an additional 2,628 shares during the period. HBK Sorce Advisory LLC lifted its stake in Cintas by 197.4% in the third quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock valued at $1,858,000 after buying an additional 6,202 shares during the period. Scalar Gauge Management LLC lifted its stake in Cintas by 210.0% in the third quarter. Scalar Gauge Management LLC now owns 31,000 shares of the business services provider’s stock valued at $6,363,000 after buying an additional 21,000 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in shares of Cintas by 2.3% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 150,809 shares of the business services provider’s stock worth $30,955,000 after buying an additional 3,397 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Cintas by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after buying an additional 524,829 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

Shares of CTAS opened at $193.44 on Tuesday. The firm has a market capitalization of $77.35 billion, a P/E ratio of 56.40, a P/E/G ratio of 3.31 and a beta of 0.95. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The stock has a 50 day moving average price of $191.14 and a two-hundred day moving average price of $195.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter last year, the company earned $1.09 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

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

Cintas announced that its board has approved a stock buyback plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to reacquire 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.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and boosted their target price for the company from $205.00 to $245.00 in a research report on Wednesday, January 14th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research note on Friday, December 19th. Morgan Stanley dropped their price objective on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Robert W. Baird raised their target price on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Finally, Rothschild & Co Redburn set a $184.00 target price on Cintas in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $221.08.

Cintas Company Profile

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.