Amalgamated Bank Grows Position in Cintas Corporation $CTAS

Amalgamated Bank grew its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 1.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 80,795 shares of the business services provider’s stock after acquiring an additional 834 shares during the quarter. Amalgamated Bank’s holdings in Cintas were worth $18,007,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in Cintas during the first quarter worth $27,000. Saudi Central Bank purchased a new position in Cintas during the first quarter worth $29,000. Barnes Dennig Private Wealth Management LLC increased its position in Cintas by 800.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after buying an additional 128 shares in the last quarter. Stone House Investment Management LLC purchased a new position in Cintas during the first quarter worth $41,000. Finally, Resources Management Corp CT ADV purchased a new position in Cintas during the first quarter worth $41,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CTAS. Citigroup raised 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. JPMorgan Chase & Co. lowered their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Royal Bank Of Canada lowered their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday, September 25th. UBS Group lifted their price objective on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, July 18th. 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 issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $222.09.

Cintas Price Performance

Shares of Cintas stock opened at $183.98 on Friday. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The stock has a market capitalization of $73.94 billion, a P/E ratio of 41.72, a PEG ratio of 3.18 and a beta of 1.01. 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 business’s fifty day moving average price is $199.38 and its 200 day moving average price is $211.94.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm’s revenue for the quarter 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. As a group, research analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

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

Cintas declared that its Board of Directors has approved a share buyback 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 typically an indication that the company’s board of directors believes its stock is undervalued.

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.