Cintas Corporation $CTAS Stock Position Lifted by Nordea Investment Management AB

Nordea Investment Management AB raised its stake in Cintas Corporation (NASDAQ:CTAS) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,570,609 shares of the business services provider’s stock after buying an additional 73,877 shares during the quarter. Nordea Investment Management AB’s holdings in Cintas were worth $526,975,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTAS. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Cintas by 2.9% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,326 shares of the business services provider’s stock worth $2,530,000 after acquiring an additional 353 shares during the last quarter. First Horizon Corp purchased a new position in Cintas in the third quarter valued at about $163,000. Godsey & Gibb Inc. raised its stake in shares of Cintas by 2.7% during the 3rd quarter. Godsey & Gibb Inc. now owns 125,006 shares of the business services provider’s stock worth $25,659,000 after purchasing an additional 3,295 shares in the last quarter. MGO One Seven LLC raised its stake in shares of Cintas by 10.3% during the 3rd quarter. MGO One Seven LLC now owns 12,618 shares of the business services provider’s stock worth $2,590,000 after purchasing an additional 1,180 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of Cintas by 8.4% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 47,680 shares of the business services provider’s stock valued at $9,787,000 after buying an additional 3,715 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CTAS. Morgan Stanley dropped their price objective on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Citigroup reissued a “sell” rating and issued a $181.00 target price (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Rothschild & Co Redburn upgraded shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target on the stock in a research note on Tuesday, November 11th. JPMorgan Chase & Co. reduced their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, UBS Group reiterated a “buy” rating on shares of Cintas in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Cintas has an average rating of “Hold” and an average price target of $212.00.

Cintas Price Performance

NASDAQ CTAS opened at $193.03 on Tuesday. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The company has a fifty day simple moving average of $186.64 and a 200 day simple moving average of $200.50. 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 company has a market cap of $77.19 billion, a P/E ratio of 56.28, a P/E/G ratio of 3.31 and a beta of 0.97.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, topping 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 analyst estimates of $2.77 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The business’s revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, sell-side analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 14th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, November 14th. Cintas’s payout ratio is currently 52.48%.

Cintas announced that its board has authorized a stock repurchase plan on Tuesday, October 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.