36,201 Shares in Cintas Corporation $CTAS Purchased by Generate Investment Management Ltd

Generate Investment Management Ltd acquired a new position in Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 36,201 shares of the business services provider’s stock, valued at approximately $7,431,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Cintas during the second quarter worth approximately $925,531,000. Voya Investment Management LLC grew its position in Cintas by 516.8% during the first quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock worth $175,529,000 after buying an additional 715,570 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Cintas by 90.1% during the 2nd 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. Panagora Asset Management Inc. raised 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 valued at $172,956,000 after acquiring an additional 563,366 shares in the last quarter. Finally, Vanguard Group Inc. lifted 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 valued at $8,554,672,000 after acquiring an additional 524,829 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Citigroup reaffirmed a “sell” rating and issued a $181.00 price target (up previously from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Redburn Partners set a $184.00 target price on shares of Cintas in a report on Tuesday, November 11th. Rothschild & Co Redburn raised shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target for the company in a report on Tuesday, November 11th. UBS Group reissued a “buy” rating on shares of Cintas in a research note on Friday, December 19th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $212.00.

Cintas Price Performance

CTAS stock opened at $190.35 on Wednesday. The stock has a market cap of $76.50 billion, a price-to-earnings ratio of 55.50, a P/E/G ratio of 3.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. The company has a 50 day simple moving average of $186.47 and a 200 day simple moving average of $202.54. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24.

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. 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 analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 14th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, November 14th. Cintas’s payout ratio is 52.48%.

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

About Cintas

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.