Westfield Capital Management Co. LP Sells 8,099 Shares of Cintas Corporation $CTAS

Westfield Capital Management Co. LP lowered its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 15.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,259 shares of the business services provider’s stock after selling 8,099 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Cintas were worth $8,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Cintas by 2.7% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,876 shares of the business services provider’s stock worth $20,501,000 after purchasing an additional 2,628 shares during the period. Vanguard Group Inc. boosted its stake in Cintas by 1.5% during the third 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. HBK Sorce Advisory LLC increased its position in Cintas by 197.4% during the third quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock valued at $1,858,000 after acquiring an additional 6,202 shares during the last quarter. Scalar Gauge Management LLC raised its stake in shares of Cintas by 210.0% in the third quarter. Scalar Gauge Management LLC now owns 31,000 shares of the business services provider’s stock valued at $6,363,000 after acquiring an additional 21,000 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its holdings in shares of Cintas by 2.3% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 150,809 shares of the business services provider’s stock worth $30,955,000 after acquiring an additional 3,397 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Up 0.8%

NASDAQ:CTAS opened at $198.28 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 1-year low of $180.39 and a 1-year high of $229.24. The company has a 50-day moving average of $192.80 and a 200 day moving average of $194.91. The firm has a market cap of $79.29 billion, a PE ratio of 57.81, a price-to-earnings-growth ratio of 3.55 and a beta of 0.95.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. 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 business posted $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. As a group, research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business 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 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s dividend payout ratio (DPR) is 52.48%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CTAS. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price target on shares of Cintas in a report on Friday, December 19th. Citigroup restated 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. Rothschild & Co Redburn set a $184.00 target price on Cintas in a research note on Tuesday, November 11th. Morgan Stanley dropped their price objective on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Finally, Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and increased their target price 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, five have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Cintas currently has an average rating of “Hold” and an average target price of $218.17.

About Cintas

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.