Swiss National Bank Lowers Stake in Cintas Corporation $CTAS

Swiss National Bank cut its holdings in Cintas Corporation (NASDAQ:CTAS) by 4.8% during the third quarter, HoldingsChannel reports. The firm owned 1,047,600 shares of the business services provider’s stock after selling 52,500 shares during the period. Swiss National Bank’s holdings in Cintas were worth $215,030,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alpine Bank Wealth Management boosted its stake in shares of Cintas by 1,092.9% during the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after buying an additional 153 shares during the period. Addison Advisors LLC increased its position in Cintas by 57.0% in the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 61 shares during the period. WPG Advisers LLC increased its position in Cintas by 90.0% in the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 81 shares during the period. Salomon & Ludwin LLC raised its stake in Cintas by 84.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 84 shares during the last quarter. Finally, Evolution Wealth Management Inc. acquired a new stake in Cintas during the 2nd quarter worth approximately $45,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CTAS has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. Robert W. Baird upped their price target on Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Morgan Stanley lowered their price objective on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Rothschild & Co Redburn set a $184.00 price objective on shares of Cintas in a research note on Tuesday, November 11th. Finally, UBS Group restated a “buy” rating on shares of Cintas in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $218.17.

Cintas Trading Down 1.4%

Shares of Cintas stock opened at $200.77 on Tuesday. The company has a 50-day moving average of $194.55 and a two-hundred day moving average of $193.71. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The stock has a market cap of $80.29 billion, a PE ratio of 58.53, a price-to-earnings-growth ratio of 3.67 and a beta of 0.95.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. The business 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%.The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous 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 EPS for the current fiscal year.

Cintas Announces Dividend

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