Vise Technologies Inc. Purchases 4,377 Shares of Cintas Corporation $CTAS

Vise Technologies Inc. lifted its position in Cintas Corporation (NASDAQ:CTAS) by 11.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,709 shares of the business services provider’s stock after purchasing an additional 4,377 shares during the quarter. Vise Technologies Inc.’s holdings in Cintas were worth $8,526,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CTAS. Whipplewood Advisors LLC grew its holdings in shares of Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 137 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Cintas during the 2nd quarter valued at $27,000. Archer Investment Corp purchased a new position in Cintas during the first quarter worth $32,000. Highland Investment Advisors LLC purchased a new position in Cintas during the second quarter worth $32,000. Finally, Steigerwald Gordon & Koch Inc. boosted its stake in Cintas by 308.2% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 200 shares of the business services provider’s stock worth $34,000 after buying an additional 151 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Performance

NASDAQ CTAS opened at $219.82 on Monday. The stock has a market cap of $87.29 billion, a PE ratio of 43.36, a PEG ratio of 3.49 and a beta of 0.86. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $226.68. The company’s 50-day moving average price is $204.45 and its 200-day moving average price is $190.50. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the firm earned $1.20 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Equities research analysts forecast that Cintas Corporation will post 5.53 earnings per share for the current year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 13th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. Cintas’s payout ratio is 41.03%.

More Cintas News

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: A report that the Federal Trade Commission has not indicated it will block the UniFirst transaction narrowed the deal spread and reduced near-term fears of a failed acquisition. The deal could expand Cintas’s scale and market position if completed. UniFirst/Cintas spread narrows on report FTC hasn’t indicated it will block deal
• Positive Sentiment: Investor letters cited solid earnings, operational execution and record fourth-quarter margins, alongside a higher outlook. Cintas previously exceeded quarterly EPS and revenue expectations, with revenue up 10.9% year over year, reinforcing confidence in demand and profitability. Cintas Corporation Gains as Record Q4 Margins Fuel Guidance Increase
• Positive Sentiment: The board approved a quarterly dividend of $0.52 per share, supporting Cintas’s shareholder-return profile. Cintas approves dividend
• Neutral Sentiment: Shareholders approved Cintas’s reincorporation proposal and board slate, removing a governance-related uncertainty but offering limited immediate earnings impact. Cintas Shareholders Approve Reincorporation and Board Slate
• Negative Sentiment: The FTC may still sue to block the UniFirst deal. A failed transaction could require Cintas to pay a $350 million termination fee and eliminate the anticipated strategic benefits. FTC Puts a Wrinkle in the Cintas and UniFirst Merger

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CTAS. Rothschild & Co Redburn increased their price objective on shares of Cintas from $184.00 to $198.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Citigroup boosted their target price on Cintas from $180.00 to $181.00 and gave the company a “sell” rating in a research report on Wednesday, September 30th. Robert W. Baird set a $222.00 target price on Cintas and gave the company an “outperform” rating in a research report on Thursday, September 24th. Argus upped their target price on Cintas from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.62.

About Cintas

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.