R Squared Ltd Buys 5,135 Shares of Cintas Corporation $CTAS

R Squared Ltd grew its stake in Cintas Corporation (NASDAQ:CTAS) by 286.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,929 shares of the business services provider’s stock after acquiring an additional 5,135 shares during the period. Cintas accounts for approximately 0.6% of R Squared Ltd’s investment portfolio, making the stock its 26th biggest holding. R Squared Ltd’s holdings in Cintas were worth $1,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CTAS. Norges Bank acquired a new position in Cintas in the 2nd quarter valued at about $925,531,000. Los Angeles Capital Management LLC boosted its holdings in shares of Cintas by 90.1% during the second quarter. Los Angeles Capital Management LLC now owns 1,214,098 shares of the business services provider’s stock worth $270,586,000 after acquiring an additional 575,372 shares during the period. Vanguard Group Inc. grew its position in shares of Cintas by 1.5% in the third quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock valued at $7,994,594,000 after purchasing an additional 564,487 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of Cintas by 264.9% during the second quarter. Panagora Asset Management Inc. now owns 776,042 shares of the business services provider’s stock worth $172,956,000 after purchasing an additional 563,366 shares during the period. Finally, Invesco Ltd. lifted its holdings in Cintas by 11.2% during the 2nd 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 during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 0.8%

CTAS opened at $198.28 on Friday. The stock has a market capitalization of $79.29 billion, a price-to-earnings ratio of 57.81, a P/E/G ratio of 3.55 and a beta of 0.95. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The company has a 50-day simple moving average of $192.80 and a 200 day simple moving average of $194.91.

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

Cintas Announces Dividend

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

Analyst Ratings Changes

CTAS has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a report on Friday, December 19th. Citigroup restated a “sell” rating and issued a $181.00 price target (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Robert W. Baird raised their price target on shares of Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Argus raised shares of Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Finally, Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and increased their target price for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $218.17.

Cintas 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.