Jain Global LLC Takes Position in Cintas Corporation $CTAS

Jain Global LLC purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 39,990 shares of the business services provider’s stock, valued at approximately $8,208,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alpine Bank Wealth Management raised its stake in Cintas by 1,092.9% during the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after acquiring an additional 153 shares during the period. WPG Advisers LLC increased its stake in shares of Cintas by 90.0% in the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after purchasing an additional 81 shares in the last quarter. Salomon & Ludwin LLC raised its position in shares of Cintas by 84.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 84 shares during the period. Evolution Wealth Management Inc. purchased a new position in shares of Cintas during the 2nd quarter valued at $45,000. Finally, Caitlin John LLC purchased a new position in shares of Cintas during the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CTAS shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research note on Friday, December 19th. Bank of America assumed coverage on Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and lifted their target price for the company from $205.00 to $245.00 in a research note on Wednesday, January 14th. Finally, Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target on the stock in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Cintas presently has an average rating of “Moderate Buy” and a consensus target price of $220.25.

Cintas Price Performance

CTAS stock opened at $192.74 on Tuesday. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The firm has a market capitalization of $77.07 billion, a P/E ratio of 56.19, a price-to-earnings-growth ratio of 3.50 and a beta of 0.95. The company has a fifty day simple moving average of $195.31 and a two-hundred day simple moving average of $193.09. 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 (NASDAQ:CTAS) last posted its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The business’s quarterly revenue 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. Analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were issued a $0.45 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s payout ratio 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.