Raiffeisen Bank International AG Has $2.42 Million Stock Position in Cintas Corporation $CTAS

Raiffeisen Bank International AG lowered its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 20.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,868 shares of the business services provider’s stock after selling 3,094 shares during the period. Raiffeisen Bank International AG’s holdings in Cintas were worth $2,420,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CTAS. Norges Bank bought a new position in Cintas during the second quarter worth about $925,531,000. Los Angeles Capital Management LLC lifted its stake in shares of 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 buying an additional 575,372 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Cintas by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock worth $7,994,594,000 after buying an additional 564,487 shares during the period. Panagora Asset Management Inc. grew its stake 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 buying an additional 563,366 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Cintas by 11.2% in the 2nd quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock valued at $1,094,596,000 after buying an additional 495,486 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. UBS Group restated a “buy” rating on shares of Cintas in a research note on Friday, December 19th. Robert W. Baird upped their price objective on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Bank of America started coverage on Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 target price for the company. Finally, Rothschild & Co Redburn set a $184.00 price target on shares of Cintas in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $218.17.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $200.02 on Friday. The stock has a market capitalization of $79.99 billion, a PE ratio of 58.31, a P/E/G ratio of 3.61 and a beta of 0.95. 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 fifty day moving average price of $192.03 and a two-hundred day moving average price of $195.44. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24.

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

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

Cintas Dividend Announcement

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

Cintas Company 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.