Robeco Institutional Asset Management B.V. Has $171.13 Million Stock Holdings in Cintas Corporation $CTAS

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 163.4% in the second quarter, Holdings Channel.com reports. The fund owned 767,857 shares of the business services provider’s stock after purchasing an additional 476,336 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Cintas were worth $171,132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CTAS. WPG Advisers LLC bought a new position in Cintas during the first quarter worth about $27,000. Saudi Central Bank bought a new position in shares of Cintas during the 1st quarter worth approximately $29,000. Stone House Investment Management LLC bought a new position in shares of Cintas during the 1st quarter worth approximately $41,000. Resources Management Corp CT ADV acquired a new stake in Cintas in the 1st quarter valued at $41,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Cintas by 646.4% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 181 shares during the period. Institutional investors own 63.46% of the company’s stock.

Insider Activity at Cintas

In other news, Director Martin Mucci acquired 1,200 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was purchased at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the transaction, the director directly owned 2,621 shares in the company, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $220.90, for a total value of $3,821,790.90. Following the sale, the chief executive officer directly owned 622,712 shares of the company’s stock, valued at $137,557,080.80. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Citigroup lifted their price target on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. Robert W. Baird upped their price objective on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Wells Fargo & Company dropped their price objective on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Finally, UBS Group boosted their target price on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $222.09.

Cintas Price Performance

CTAS opened at $203.64 on Thursday. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The company’s 50 day simple moving average is $211.82 and its 200-day simple moving average is $212.87. The stock has a market capitalization of $82.06 billion, a P/E ratio of 46.18, a price-to-earnings-growth ratio of 3.54 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the company posted $1.10 EPS. Cintas’s revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Sell-side analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. This is a boost from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. Cintas’s payout ratio is currently 39.91%.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.