Scalar Gauge Management LLC Acquires 21,000 Shares of Cintas Corporation $CTAS

Scalar Gauge Management LLC grew its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 210.0% during the third quarter, Holdings Channel reports. The firm owned 31,000 shares of the business services provider’s stock after purchasing an additional 21,000 shares during the period. Cintas accounts for about 3.2% of Scalar Gauge Management LLC’s portfolio, making the stock its 14th largest position. Scalar Gauge Management LLC’s holdings in Cintas were worth $6,363,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CTAS. Norges Bank acquired a new stake in shares of Cintas in the second quarter worth about $925,531,000. Los Angeles Capital Management LLC raised its stake in shares of Cintas by 90.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,214,098 shares of the business services provider’s stock valued at $270,586,000 after acquiring an additional 575,372 shares in the last quarter. Panagora Asset Management Inc. lifted 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 worth $172,956,000 after purchasing an additional 563,366 shares during the last quarter. Vanguard Group Inc. grew its holdings in Cintas by 1.4% during the second quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock valued at $8,554,672,000 after purchasing an additional 524,829 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of 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 purchasing an additional 495,486 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CTAS has been the subject of several recent analyst reports. Redburn Partners set a $184.00 price objective on shares of Cintas in a report on Tuesday, November 11th. UBS Group restated a “buy” rating on shares of Cintas in a report on Friday, December 19th. Sanford C. Bernstein started coverage on Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective on the stock. Rothschild & Co Redburn raised Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective for the company in a research report on Tuesday, November 11th. Finally, Morgan Stanley lowered their target price on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $214.86.

Cintas Stock Up 0.5%

CTAS stock opened at $193.89 on Tuesday. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The company has a market cap of $77.53 billion, a PE ratio of 56.53, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The business’s 50-day simple moving average is $188.39 and its 200 day simple moving average is $198.78.

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

Cintas Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s dividend payout ratio is currently 52.48%.

Cintas declared that its board has initiated a stock buyback program on Tuesday, October 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

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.