Clark Capital Management Group Inc. Raises Stake in Cintas Corporation $CTAS

Clark Capital Management Group Inc. raised its holdings in Cintas Corporation (NASDAQ:CTAS) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 226,605 shares of the business services provider’s stock after purchasing an additional 3,331 shares during the quarter. Clark Capital Management Group Inc. owned about 0.06% of Cintas worth $46,513,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CTAS. Alpine Bank Wealth Management grew its holdings 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 last quarter. 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. Evolution Wealth Management Inc. purchased a new stake in Cintas during the 2nd quarter valued at approximately $45,000. Finally, Caitlin John LLC acquired a new stake in Cintas during the 3rd quarter worth approximately $49,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CTAS shares. Morgan Stanley dropped their target price on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Wells Fargo & Company raised 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 report on Wednesday, January 14th. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective on the stock in a research report on Wednesday, March 11th. Argus upgraded shares of Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Finally, UBS Group restated a “buy” rating on shares of Cintas in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.25.

Cintas Trading Up 0.5%

Shares of CTAS opened at $194.28 on Monday. Cintas Corporation has a twelve month low of $180.39 and a twelve 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 firm has a market capitalization of $77.69 billion, a P/E ratio of 56.64, a PEG ratio of 3.50 and a beta of 0.95. The firm’s 50-day moving average is $195.16 and its two-hundred day moving average is $193.20.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas’s payout ratio is currently 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.