Korea Investment CORP Sells 3,638 Shares of Cintas Corporation $CTAS

Korea Investment CORP decreased its stake in Cintas Corporation (NASDAQ:CTAS) by 1.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 371,269 shares of the business services provider’s stock after selling 3,638 shares during the period. Korea Investment CORP’s holdings in Cintas were worth $76,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Cintas by 2.7% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,876 shares of the business services provider’s stock valued at $20,501,000 after buying an additional 2,628 shares during the last quarter. Vanguard Group Inc. grew its position in Cintas by 1.5% during the third quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock worth $7,994,594,000 after buying an additional 564,487 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in Cintas by 197.4% during the third quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock valued at $1,858,000 after acquiring an additional 6,202 shares during the period. Scalar Gauge Management LLC increased its stake in Cintas by 210.0% during the third quarter. Scalar Gauge Management LLC now owns 31,000 shares of the business services provider’s stock valued at $6,363,000 after acquiring an additional 21,000 shares during the period. Finally, Johnson Investment Counsel Inc. raised its holdings in Cintas by 2.3% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 150,809 shares of the business services provider’s stock valued at $30,955,000 after acquiring an additional 3,397 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 0.4%

Shares of CTAS stock opened at $203.61 on Monday. The company has a market capitalization of $81.42 billion, a P/E ratio of 59.36, a P/E/G ratio of 3.67 and a beta of 0.95. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $194.35 and a 200 day moving average price of $193.81.

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

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be given a $0.45 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas’s payout ratio is presently 52.48%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Sanford C. Bernstein started coverage on Cintas in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective for the company. Robert W. Baird upped their target price on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and raised their target price for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. Bank of America began coverage on shares of Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target on the stock. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $218.17.

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.