Twin Capital Management Inc. Decreases Stock Holdings in Cintas Corporation $CTAS

Twin Capital Management Inc. decreased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 57.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,765 shares of the business services provider’s stock after selling 11,811 shares during the period. Twin Capital Management Inc.’s holdings in Cintas were worth $1,953,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CTAS. WPG Advisers LLC purchased a new stake in Cintas in the first quarter worth $27,000. Saudi Central Bank purchased a new position in Cintas during the 1st quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC raised its holdings in Cintas by 800.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Cintas by 3,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after purchasing an additional 157 shares during the period. Finally, Stone House Investment Management LLC bought a new stake in shares of Cintas during the 1st quarter valued at about $41,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Down 0.5%

Shares of Cintas stock opened at $184.89 on Friday. The company has a 50-day simple moving average of $196.54 and a two-hundred day simple moving average of $211.15. The stock has a market capitalization of $74.30 billion, a PE ratio of 41.93, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24.

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

Cintas Announces Dividend

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

Cintas declared that its board has initiated a stock buyback plan 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 reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Robert W. Baird increased their price target 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. UBS Group increased their target price on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. lowered their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Morgan Stanley upped their price target on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $222.09.

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.