Legal & General Group Plc Acquires 3,341 Shares of Cintas Corporation $CTAS

Legal & General Group Plc increased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,360,451 shares of the business services provider’s stock after purchasing an additional 3,341 shares during the period. Legal & General Group Plc owned approximately 0.59% of Cintas worth $484,506,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Cintas by 2.7% during 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 buying an additional 2,628 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 acquiring an additional 564,487 shares in the last quarter. First Trust Advisors LP boosted its position in Cintas by 2.5% during the third quarter. First Trust Advisors LP now owns 413,665 shares of the business services provider’s stock valued at $84,909,000 after purchasing an additional 10,249 shares during the last quarter. HBK Sorce Advisory LLC boosted 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 purchasing an additional 6,202 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its stake in Cintas by 2.3% in the third quarter. Johnson Investment Counsel Inc. now owns 150,809 shares of the business services provider’s stock valued at $30,955,000 after purchasing an additional 3,397 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of Cintas stock opened at $196.28 on Wednesday. The company has a 50-day simple moving average of $194.67 and a two-hundred day simple moving average of $193.57. The stock has a market capitalization of $78.49 billion, a price-to-earnings ratio of 57.22, a price-to-earnings-growth ratio of 3.62 and a beta of 0.95. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, beating 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 net margin of 17.58% and a return on equity of 41.07%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Analysts forecast that Cintas Corporation will post 4.31 EPS for the current 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. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is currently 52.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CTAS. Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and upped their price objective for the stock from $205.00 to $245.00 in a research note on Wednesday, January 14th. Citigroup restated a “sell” rating and set a $181.00 target price (up from $176.00) on shares of Cintas in a report on Monday, December 22nd. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research report on Friday, December 19th. Rothschild & Co Redburn set a $184.00 price objective on shares of Cintas in a research report on Tuesday, November 11th. Finally, Robert W. Baird boosted their price objective on shares of Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. One 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 given a Sell rating to the stock. According to MarketBeat, Cintas has a consensus rating of “Hold” and an average price target of $218.17.

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.