Vestcor Inc Grows Stock Holdings in Cintas Corporation $CTAS

Vestcor Inc lifted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 11.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,727 shares of the business services provider’s stock after purchasing an additional 3,246 shares during the period. Vestcor Inc’s holdings in Cintas were worth $6,307,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after buying an additional 108 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Cintas by 42.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after acquiring an additional 428 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Cintas in the 2nd quarter worth $103,000. AE Wealth Management LLC raised its holdings in shares of Cintas by 84.0% during the 2nd quarter. AE Wealth Management LLC now owns 43,865 shares of the business services provider’s stock worth $9,776,000 after acquiring an additional 20,030 shares during the period. Finally, AGF Management Ltd. acquired a new position in shares of Cintas during the 2nd quarter valued at about $622,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and lifted their target price for the stock from $205.00 to $245.00 in a research note on Wednesday, January 14th. Sanford C. Bernstein initiated coverage on shares of Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price on the stock. Bank of America began coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target for the company. Finally, Morgan Stanley cut their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $218.17.

Cintas Stock Down 1.4%

Shares of CTAS opened at $200.77 on Tuesday. The company’s 50-day simple moving average is $194.55 and its 200-day simple moving average is $193.71. 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 1 year low of $180.39 and a 1 year high of $229.24. The stock has a market capitalization of $80.29 billion, a PE ratio of 58.53, a P/E/G ratio of 3.67 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 for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. The business’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. Analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be paid 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 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.