Mirae Asset Global Investments Co. Ltd. Purchases 12,328 Shares of Cintas Corporation $CTAS

Mirae Asset Global Investments Co. Ltd. increased its position in Cintas Corporation (NASDAQ:CTAS) by 6.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,498 shares of the business services provider’s stock after purchasing an additional 12,328 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Cintas were worth $39,307,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in shares of Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after buying an additional 108 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Cintas by 42.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after acquiring an additional 428 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Cintas by 2.8% in the second quarter. HB Wealth Management LLC now owns 8,523 shares of the business services provider’s stock worth $1,900,000 after purchasing an additional 231 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in Cintas by 8.3% during the 2nd quarter. Raleigh Capital Management Inc. now owns 1,222 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 94 shares during the period. Finally, Capital Investment Advisors LLC lifted its position in Cintas by 18.0% during the second quarter. Capital Investment Advisors LLC now owns 2,914 shares of the business services provider’s stock valued at $649,000 after purchasing an additional 444 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Down 1.1%

Shares of CTAS opened at $189.16 on Thursday. The stock has a fifty day simple moving average of $188.65 and a two-hundred day simple moving average of $198.54. 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 company has a market capitalization of $75.64 billion, a PE ratio of 55.15, a price-to-earnings-growth ratio of 3.27 and a beta of 0.97. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24.

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

Cintas announced that its Board of Directors has approved a share buyback plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, February 13th. Cintas’s dividend payout ratio (DPR) is presently 52.48%.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several recent research reports. Rothschild & Co Redburn raised shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 target price for the company in a report on Tuesday, November 11th. UBS Group reissued a “buy” rating on shares of Cintas in a report on Friday, December 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Morgan Stanley dropped their target price on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Finally, Redburn Partners set a $184.00 target price on Cintas in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $214.86.

About Cintas

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.