J. Safra Sarasin Holding AG Sells 3,916 Shares of Cintas Corporation $CTAS

J. Safra Sarasin Holding AG cut its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 48.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,224 shares of the business services provider’s stock after selling 3,916 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Cintas were worth $867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Barnes Dennig Private Wealth Management LLC raised its position in shares of Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after buying an additional 128 shares in the last quarter. Alpine Bank Wealth Management increased its stake in Cintas by 1,092.9% in the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 153 shares during the last quarter. WPG Advisers LLC raised its position in Cintas by 90.0% during the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 81 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Cintas by 3,925.0% during the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after purchasing an additional 157 shares during the last quarter. Finally, Addison Advisors LLC boosted its holdings in shares of Cintas by 57.0% in the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CTAS. Sanford C. Bernstein began coverage on Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective on the stock. Argus raised shares of Cintas to a “strong-buy” rating in a research note on Wednesday, January 21st. Citigroup reaffirmed a “sell” rating and set a $181.00 target price (up previously from $176.00) on shares of Cintas in a report on Monday, December 22nd. Rothschild & Co Redburn upgraded shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 target price on the stock in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $214.86.

Cintas Trading Down 1.1%

Shares of CTAS opened at $189.16 on Thursday. The stock has a market capitalization of $75.64 billion, a P/E ratio of 55.15, a PEG ratio of 3.27 and a beta of 0.97. Cintas Corporation has a twelve month low of $180.39 and a twelve 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 fifty day simple moving average of $188.65 and a two-hundred day simple moving average of $198.54.

Cintas (NASDAQ:CTAS) last issued 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 firm 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 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 posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be given 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 currently 52.48%.

Cintas announced that its Board of Directors has approved a share repurchase program on Tuesday, October 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Cintas Company 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.