39,990 Shares in Cintas Corporation $CTAS Purchased by Jain Global LLC

Jain Global LLC purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 39,990 shares of the business services provider’s stock, valued at approximately $8,208,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management boosted its position 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 valued at $34,000 after buying an additional 153 shares during the period. WPG Advisers LLC raised its holdings in shares of Cintas by 90.0% in the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after buying an additional 81 shares during the period. Salomon & Ludwin LLC raised its holdings in shares of Cintas by 84.0% in the third quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock worth $37,000 after buying an additional 84 shares during the period. Evolution Wealth Management Inc. bought a new stake in shares of Cintas during the 2nd quarter worth approximately $45,000. Finally, Caitlin John LLC purchased a new position in Cintas during the 3rd quarter valued at $49,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and upped their price objective for the company from $205.00 to $245.00 in a research report on Wednesday, January 14th. Argus raised shares of Cintas to a “strong-buy” rating in a research note on Wednesday, January 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research note on Friday, December 19th. Finally, Bank of America initiated coverage on shares of Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Cintas has an average rating of “Moderate Buy” and an average price target of $220.25.

Cintas Price Performance

Shares of CTAS stock opened at $192.74 on Tuesday. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The stock has a market capitalization of $77.07 billion, a price-to-earnings ratio of 56.19, a P/E/G ratio of 3.50 and a beta of 0.95. The stock has a fifty day simple moving average of $195.31 and a two-hundred day simple moving average of $193.09. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

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, topping analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas’s dividend payout ratio (DPR) 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.