Twin Capital Management Inc. Sells 11,811 Shares of Cintas Corporation $CTAS

Twin Capital Management Inc. decreased its holdings in Cintas Corporation (NASDAQ:CTAS) by 57.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.

A number of other institutional investors also recently modified their holdings of the business. Crestwood Advisors Group LLC purchased a new stake in shares of Cintas during the first quarter worth $270,000. BNP Paribas Financial Markets raised its stake in shares of Cintas by 25.5% during the 1st quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock valued at $162,615,000 after purchasing an additional 160,820 shares during the period. Merit Financial Group LLC lifted its holdings in Cintas by 11.2% during the 2nd quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock worth $3,225,000 after purchasing an additional 1,459 shares in the last quarter. Comerica Bank boosted its stake in Cintas by 9.8% in the 1st quarter. Comerica Bank now owns 91,991 shares of the business services provider’s stock worth $18,907,000 after purchasing an additional 8,215 shares during the period. Finally, Canopy Partners LLC purchased a new position in Cintas during the 1st quarter valued at about $329,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CTAS shares. Morgan Stanley raised their price objective on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Royal Bank Of Canada dropped their price target 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. Citigroup upped their price objective on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research report on Friday, September 26th. Robert W. Baird raised their target price on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Finally, UBS Group boosted their price target on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $222.09.

Cintas Trading Down 0.5%

Shares of CTAS opened at $184.89 on Friday. 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 Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. The firm has a 50 day moving average price of $196.54 and a 200-day moving average price of $211.15. The firm has a market cap of $74.30 billion, a price-to-earnings ratio of 41.93, a PEG ratio of 3.18 and a beta of 0.99.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the company earned $1.10 EPS. The firm’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. As a group, equities research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business 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 yield of 1.0%. The ex-dividend date is Friday, November 14th. Cintas’s dividend payout ratio (DPR) is presently 40.82%.

Cintas announced that its board has authorized a share repurchase plan on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board 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.