Cintas Corporation $CTAS Stock Position Decreased by Federated Hermes Inc.

Federated Hermes Inc. decreased its stake in Cintas Corporation (NASDAQ:CTAS) by 34.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 115,532 shares of the business services provider’s stock after selling 61,237 shares during the quarter. Federated Hermes Inc.’s holdings in Cintas were worth $23,714,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Cintas in the second quarter worth approximately $925,531,000. Los Angeles Capital Management LLC grew its position 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 purchasing an additional 575,372 shares in the last quarter. Panagora Asset Management Inc. raised its stake in Cintas by 264.9% during 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 purchasing an additional 563,366 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Cintas by 1.4% in 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 in the last quarter. Finally, Invesco Ltd. boosted 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 worth $1,094,596,000 after buying an additional 495,486 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CTAS. Redburn Partners set a $184.00 price objective on Cintas in a research report on Tuesday, November 11th. Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and boosted their price objective for the company from $205.00 to $245.00 in a research report on Wednesday, January 14th. Morgan Stanley cut their target price on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Sanford C. Bernstein started coverage on shares of Cintas in a research note on Wednesday, November 12th. They set a “market perform” rating and a $200.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $214.86.

Cintas Stock Up 0.9%

Cintas stock opened at $191.39 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. The firm has a fifty day moving average price of $188.90 and a two-hundred day moving average price of $198.30. The firm has a market cap of $76.53 billion, a price-to-earnings ratio of 55.80, a P/E/G ratio of 3.25 and a beta of 0.97.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. The company 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%.Cintas’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

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

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s dividend 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.