PNC Financial Services Group Inc. Lowers Stock Holdings in Cintas Corporation $CTAS

PNC Financial Services Group Inc. lessened its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 0.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,184,055 shares of the business services provider’s stock after selling 5,536 shares during the period. PNC Financial Services Group Inc.’s holdings in Cintas were worth $263,890,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Cintas during the 1st quarter worth $1,877,760,000. Voya Investment Management LLC increased its holdings in Cintas by 516.8% during the first quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock valued at $175,529,000 after buying an additional 715,570 shares during the period. Los Angeles Capital Management LLC lifted its holdings in Cintas by 90.1% during the second quarter. Los Angeles Capital Management LLC now owns 1,214,098 shares of the business services provider’s stock worth $270,586,000 after buying an additional 575,372 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Cintas by 169.7% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider’s stock worth $187,235,000 after buying an additional 573,151 shares during the period. Finally, Vanguard Group Inc. boosted its position in Cintas by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock valued at $7,781,223,000 after acquiring an additional 491,307 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Price Performance

NASDAQ:CTAS opened at $185.76 on Wednesday. The company has a 50 day moving average price of $195.15 and a 200-day moving average price of $210.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24. The firm has a market cap of $74.65 billion, a price-to-earnings ratio of 42.12, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99.

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

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be issued a $0.45 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Cintas’s dividend payout ratio (DPR) is presently 40.82%.

Cintas declared that its board has approved a stock repurchase program on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cintas in a research note on Wednesday, October 8th. Royal Bank Of Canada lowered their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research note on Thursday, September 25th. UBS Group upped their price target on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, Citigroup raised their price objective on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and an average target price of $216.23.

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.