Krilogy Financial LLC Takes $603,000 Position in Cintas Corporation $CTAS

Krilogy Financial LLC bought a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 2,938 shares of the business services provider’s stock, valued at approximately $603,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Cintas by 2.7% in 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 purchasing an additional 2,628 shares during the period. HBK Sorce Advisory LLC raised its stake in shares of Cintas by 197.4% during the 3rd quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock worth $1,858,000 after buying an additional 6,202 shares in the last quarter. Scalar Gauge Management LLC lifted its holdings in shares of Cintas by 210.0% in the 3rd quarter. Scalar Gauge Management LLC now owns 31,000 shares of the business services provider’s stock valued at $6,363,000 after buying an additional 21,000 shares during the period. Johnson Investment Counsel Inc. boosted its stake in shares of Cintas by 2.3% in the third quarter. Johnson Investment Counsel Inc. now owns 150,809 shares of the business services provider’s stock valued at $30,955,000 after buying an additional 3,397 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Cintas by 1.4% during the second quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after acquiring an additional 524,829 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley decreased 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. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a report on Friday, December 19th. Rothschild & Co Redburn set a $184.00 target price on shares of Cintas in a research report on Tuesday, November 11th. Citigroup reiterated a “sell” rating and set a $181.00 price target (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Finally, UBS Group restated a “buy” rating on shares of Cintas in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $221.08.

Cintas Stock Down 1.4%

Shares of NASDAQ CTAS opened at $193.44 on Friday. The firm’s 50-day moving average is $190.94 and its two-hundred day moving average is $196.37. The company has a market capitalization of $77.35 billion, a PE ratio of 56.40, a price-to-earnings-growth ratio of 3.31 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 debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49.

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 analysts’ consensus estimates of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the company posted $1.09 EPS. The company’s revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is presently 52.48%.

Cintas announced that its board has initiated a stock buyback program on Tuesday, October 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.