Swiss National Bank Reduces Position in Cintas Corporation $CTAS

Swiss National Bank reduced its position in shares of Cintas Corporation (NASDAQ:CTAS) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,047,600 shares of the business services provider’s stock after selling 52,500 shares during the period. Swiss National Bank owned about 0.26% of Cintas worth $215,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CTAS. Vanguard Group Inc. increased its holdings in 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 buying an additional 564,487 shares during the last quarter. State Street Corp raised its stake in Cintas by 0.5% in the second quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock valued at $3,369,391,000 after buying an additional 82,029 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 buying an additional 314,860 shares during the last quarter. Invesco Ltd. boosted its position in shares of 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 acquiring an additional 495,486 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Cintas during the 2nd quarter worth about $925,531,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and raised their target price for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. Argus raised Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Citigroup reiterated 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. UBS Group reissued a “buy” rating on shares of Cintas in a report on Friday, December 19th. Finally, Sanford C. Bernstein assumed coverage on shares of Cintas in a research report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $218.17.

Cintas Stock Down 1.4%

CTAS opened at $200.77 on Tuesday. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. The stock has a market capitalization of $80.29 billion, a P/E ratio of 58.53, a price-to-earnings-growth ratio of 3.67 and a beta of 0.95. The business’s 50-day simple moving average is $194.55 and its 200-day simple moving average is $193.71.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

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

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.