Metis Global Partners LLC Sells 1,835 Shares of Cintas Corporation $CTAS

Metis Global Partners LLC decreased its position in Cintas Corporation (NASDAQ:CTAS) by 10.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,101 shares of the business services provider’s stock after selling 1,835 shares during the period. Metis Global Partners LLC’s holdings in Cintas were worth $3,588,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Cintas during the second quarter valued at about $48,000. Chancellor Financial Group WB LP acquired a new position in Cintas during the 2nd quarter valued at about $212,000. Savant Capital LLC raised its stake in Cintas by 43.1% in the second quarter. Savant Capital LLC now owns 24,256 shares of the business services provider’s stock valued at $5,406,000 after buying an additional 7,306 shares during the last quarter. Sound Financial Strategies Group LLC boosted its holdings in Cintas by 1.9% in the second quarter. Sound Financial Strategies Group LLC now owns 3,719 shares of the business services provider’s stock worth $829,000 after acquiring an additional 69 shares in the last quarter. Finally, Soltis Investment Advisors LLC acquired a new position in Cintas during the 2nd quarter valued at approximately $218,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ CTAS opened at $185.07 on Friday. The company has a fifty day moving average of $196.04 and a two-hundred day moving average of $211.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The company has a market capitalization of $74.37 billion, a PE ratio of 41.97, a P/E/G ratio of 3.18 and a beta of 0.99.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data 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. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The firm’s revenue for the quarter 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, analysts expect 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. Shareholders of record on Friday, November 14th will be issued a $0.45 dividend. 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 dividend payout ratio (DPR) is 40.82%.

Cintas announced that its board has approved a share repurchase program on Tuesday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Royal Bank Of Canada dropped their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a research note on Wednesday, October 8th. Morgan Stanley lifted their price target on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Finally, Robert W. Baird boosted their price target on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.