Zions Bancorporation National Association UT Cuts Position in Cintas Corporation $CTAS

Zions Bancorporation National Association UT cut its holdings in Cintas Corporation (NASDAQ:CTAS) by 47.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,158 shares of the business services provider’s stock after selling 6,441 shares during the period. Zions Bancorporation National Association UT’s holdings in Cintas were worth $1,469,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CTAS. Barnes Dennig Private Wealth Management LLC grew its stake in Cintas by 800.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 128 shares during the period. Alpine Bank Wealth Management boosted its holdings in shares of Cintas by 1,092.9% in the 3rd 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 last quarter. WPG Advisers LLC grew its position in Cintas by 90.0% during the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after buying an additional 81 shares during the period. Golden State Wealth Management LLC increased its holdings in Cintas by 3,925.0% during the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after buying an additional 157 shares during the last quarter. Finally, Addison Advisors LLC increased its holdings in Cintas by 57.0% during the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after buying an additional 61 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of research reports. Citigroup reissued a “sell” rating and set a $181.00 target price (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. Rothschild & Co Redburn set a $184.00 target price on Cintas in a research report on Tuesday, November 11th. Morgan Stanley lowered their target price on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Finally, Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and increased their price target for the stock from $205.00 to $245.00 in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $221.08.

Cintas Stock Performance

NASDAQ:CTAS opened at $193.44 on Tuesday. The business’s fifty day moving average is $191.14 and its 200 day moving average is $195.98. The firm has a market cap of $77.35 billion, a price-to-earnings ratio of 56.40, a PEG ratio of 3.31 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. Cintas Corporation has a 52-week low of $180.39 and a 52-week 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, beating analysts’ consensus estimates of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Research analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be issued 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 of this dividend is Friday, February 13th. Cintas’s dividend payout ratio is 52.48%.

Cintas announced 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 buy up to 1.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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.