Oarsman Capital Inc. Raises Stake in Cintas Corporation $CTAS

Oarsman Capital Inc. lifted its position in shares of Cintas Corporation (NASDAQ:CTAS) by 9.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,442 shares of the business services provider’s stock after purchasing an additional 121 shares during the quarter. Oarsman Capital Inc.’s holdings in Cintas were worth $321,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CTAS. Nuveen LLC acquired a new position in Cintas during the 1st quarter worth approximately $1,877,760,000. Voya Investment Management LLC lifted its position in Cintas by 516.8% during the 1st quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock worth $175,529,000 after acquiring an additional 715,570 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Cintas by 169.7% during the 1st 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 acquiring an additional 573,151 shares in the last quarter. Vanguard Group Inc. lifted 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 worth $7,781,223,000 after acquiring an additional 491,307 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Cintas by 163.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider’s stock worth $171,132,000 after acquiring an additional 476,336 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

CTAS stock opened at $183.90 on Thursday. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The firm has a market cap of $73.90 billion, a P/E ratio of 41.70, a P/E/G ratio of 3.28 and a beta of 1.01. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The stock’s 50 day simple moving average is $200.02 and its 200 day simple moving average is $212.14.

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

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 14th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 14th. Cintas’s dividend payout ratio is currently 40.82%.

Cintas announced that its board has initiated a stock buyback plan on Tuesday, October 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

CTAS has been the topic of several recent research reports. UBS Group boosted 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. Citigroup boosted their price target on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research report on Friday, September 26th. Wells Fargo & Company reduced their price target on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Royal Bank Of Canada reduced their price target on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $222.09.

Cintas Profile

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.