Y Intercept Hong Kong Ltd Buys New Position in Cintas Corporation $CTAS

Y Intercept Hong Kong Ltd purchased a new stake in Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,437 shares of the business services provider’s stock, valued at approximately $2,348,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mn Services Vermogensbeheer B.V. grew its stake in shares of Cintas by 0.9% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 137,400 shares of the business services provider’s stock valued at $28,203,000 after purchasing an additional 1,200 shares during the last quarter. UniSuper Management Pty Ltd boosted its holdings in Cintas by 22.1% during the third quarter. UniSuper Management Pty Ltd now owns 29,953 shares of the business services provider’s stock worth $6,148,000 after purchasing an additional 5,421 shares during the last quarter. Atlas Legacy Advisors LLC increased its position in shares of Cintas by 4.1% during the 3rd quarter. Atlas Legacy Advisors LLC now owns 1,560 shares of the business services provider’s stock worth $320,000 after purchasing an additional 62 shares during the last quarter. Andina Capital Management LLC lifted its position in shares of Cintas by 6.0% in the third quarter. Andina Capital Management LLC now owns 2,351 shares of the business services provider’s stock valued at $482,000 after buying an additional 133 shares during the last quarter. Finally, Tranquility Partners LLC lifted its position in Cintas by 58.1% during the third quarter. Tranquility Partners LLC now owns 3,438 shares of the business services provider’s stock worth $706,000 after acquiring an additional 1,263 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CTAS shares. Morgan Stanley dropped their target price on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a report on Friday, December 19th. Redburn Partners set a $184.00 target price on Cintas in a report on Tuesday, November 11th. Sanford C. Bernstein started coverage on Cintas in a research report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $214.86.

Cintas Trading Down 0.5%

Shares of Cintas stock traded down $0.89 during trading on Wednesday, reaching $190.32. 32,509 shares of the stock were exchanged, compared to its average volume of 1,642,724. The stock’s fifty day moving average is $188.54 and its 200 day moving average is $198.61. The firm has a market cap of $76.11 billion, a price-to-earnings ratio of 55.51, a price-to-earnings-growth ratio of 3.32 and a beta of 0.97. 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 1 year low of $180.39 and a 1 year high of $229.24.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The business 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 business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, equities research analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

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 paid a $0.45 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s payout ratio is currently 52.48%.

Cintas announced that its Board of Directors has initiated a stock buyback program on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is 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.