Mirae Asset Global Investments Co. Ltd. Makes New Investment in Cintas Corporation $CTAS

Mirae Asset Global Investments Co. Ltd. bought a new position in Cintas Corporation (NASDAQ:CTAS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 281,930 shares of the business services provider’s stock, valued at approximately $54,993,000. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Cintas at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC increased its position in Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after buying an additional 137 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Cintas in the second quarter worth $27,000. Archer Investment Corp purchased a new position in shares of Cintas in the first quarter worth $32,000. Highland Investment Advisors LLC bought a new position in shares of Cintas during the second quarter worth $32,000. Finally, Steigerwald Gordon & Koch Inc. grew 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 valued at $34,000 after acquiring an additional 151 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Price Performance

Shares of CTAS opened at $219.82 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $204.45 and a 200 day moving average of $190.50. The company has a market cap of $87.29 billion, a PE ratio of 43.36, a P/E/G ratio of 3.49 and a beta of 0.86. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $226.68.

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

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders 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 dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is 41.03%.

Cintas News Roundup

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 Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings downgraded Cintas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Jefferies Financial Group raised their price target on Cintas from $200.00 to $210.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Robert W. Baird set a $222.00 price objective on Cintas and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a report on Thursday, September 24th. Finally, Bank of America reaffirmed a “buy” rating and set a $232.00 price objective on shares of Cintas in a report on Thursday. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.62.

Cintas Company Profile

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.