Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Cintas Corporation (NASDAQ:CTAS – Free Report) by 3.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 811,055 shares of the business services provider’s stock after selling 31,622 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Cintas were worth $158,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in CTAS. AMG National Trust Bank purchased a new stake in shares of Cintas in the second quarter worth about $1,973,000. Summit Global Investments bought a new position in shares of Cintas in the second quarter valued at approximately $950,000. TimesSquare Capital Management LLC purchased a new position in Cintas during the second quarter valued at approximately $62,057,000. Oppenheimer Asset Management Inc. purchased a new position in Cintas during the second quarter valued at approximately $4,972,000. Finally, BlackRock Inc. bought a new stake in Cintas during the 2nd quarter worth approximately $4,520,425,000. 63.46% of the stock is owned by institutional investors.
Key Cintas News
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
Cintas Price Performance
CTAS stock opened at $219.82 on Monday. The company’s 50 day moving average is $204.45 and its 200 day moving average is $190.50. The stock has a market cap of $87.29 billion, a price-to-earnings ratio of 43.36, a price-to-earnings-growth ratio of 3.49 and a beta of 0.86. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $226.68.
Cintas (NASDAQ:CTAS – Get Free Report) 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. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business posted $1.20 earnings per share. Cintas’s revenue for the quarter was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Sell-side analysts predict that Cintas Corporation will post 5.53 EPS for the current fiscal year.
Cintas Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 13th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Cintas’s payout ratio is currently 41.03%.
Analysts Set New Price Targets
CTAS has been the topic of several recent analyst reports. Weiss Ratings cut shares of Cintas from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Citigroup boosted their price target on shares of Cintas from $180.00 to $181.00 and gave the company a “sell” rating in a research report on Wednesday, September 30th. Bank of America reiterated a “buy” rating and issued a $232.00 price objective on shares of Cintas in a research report on Thursday. Wells Fargo & Company reissued an “overweight” rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Finally, Rothschild & Co Redburn boosted their target price on Cintas from $184.00 to $198.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.62.
Get Our Latest Stock Report on CTAS
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.
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