Vanguard Personalized Indexing Management LLC Sells 3,415 Shares of Cintas Corporation $CTAS

Vanguard Personalized Indexing Management LLC decreased its holdings in Cintas Corporation (NASDAQ:CTAS) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,405 shares of the business services provider’s stock after selling 3,415 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Cintas were worth $13,222,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new position in shares of Cintas in the second quarter valued at $925,531,000. Los Angeles Capital Management LLC lifted its stake in Cintas by 90.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,214,098 shares of the business services provider’s stock worth $270,586,000 after purchasing an additional 575,372 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Cintas by 264.9% in the second quarter. Panagora Asset Management Inc. now owns 776,042 shares of the business services provider’s stock worth $172,956,000 after purchasing an additional 563,366 shares during the period. Vanguard Group Inc. raised its position in shares of Cintas by 1.4% in the second quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after buying an additional 524,829 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Cintas by 11.2% in the second quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock worth $1,094,596,000 after buying an additional 495,486 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CTAS. Argus raised Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. UBS Group reiterated a “buy” rating on shares of Cintas in a research report on Friday, December 19th. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and lifted their price target for the stock from $205.00 to $245.00 in a research note on Wednesday, January 14th. Rothschild Redb upgraded Cintas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Citigroup reaffirmed a “sell” rating and issued a $181.00 target price (up previously from $176.00) on shares of Cintas in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $214.86.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $193.89 on Tuesday. The business has a fifty day moving average price of $188.39 and a 200-day moving average price of $198.78. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. The company has a market capitalization of $77.53 billion, a PE ratio of 56.53, a PEG ratio of 3.30 and a beta of 0.97. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 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 the consensus estimate of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. Cintas’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, equities analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s dividend payout ratio is presently 52.48%.

Cintas declared that its board has authorized a share repurchase plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board 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.