Caprock Group LLC Takes $11.36 Million Position in Cintas Corporation $CTAS

Caprock Group LLC bought a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 53,986 shares of the business services provider’s stock, valued at approximately $11,363,000.

Other hedge funds also recently added to or reduced their stakes in the company. ING Groep NV raised its holdings in Cintas by 135.7% during the third quarter. ING Groep NV now owns 376,396 shares of the business services provider’s stock worth $77,259,000 after purchasing an additional 216,731 shares in the last quarter. Impax Asset Management Group plc raised its stake in Cintas by 14.3% during the 3rd quarter. Impax Asset Management Group plc now owns 1,039,226 shares of the business services provider’s stock worth $213,312,000 after acquiring an additional 130,300 shares in the last quarter. Krilogy Financial LLC purchased a new stake in Cintas in the third quarter valued at $603,000. Advisors Asset Management Inc. grew its holdings in shares of Cintas by 0.4% during the third quarter. Advisors Asset Management Inc. now owns 26,584 shares of the business services provider’s stock worth $5,457,000 after purchasing an additional 98 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in shares of Cintas by 7.3% during the third quarter. Stratos Wealth Partners LTD. now owns 43,013 shares of the business services provider’s stock worth $8,829,000 after purchasing an additional 2,929 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Price Performance

Cintas stock opened at $199.31 on Wednesday. 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 business has a 50 day simple moving average of $190.25 and a 200-day simple moving average of $196.72. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24. The stock has a market capitalization of $79.70 billion, a PE ratio of 58.11, a price-to-earnings-growth ratio of 3.34 and a beta of 0.95.

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

Cintas announced that its Board of Directors has authorized a share buyback plan on Tuesday, October 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Cintas Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CTAS shares. Argus raised Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Morgan Stanley reduced their price objective on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a report on Friday, December 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. Finally, Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and raised their price objective for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Cintas presently has an average rating of “Moderate Buy” and an average target price of $221.08.

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.