Franklin Resources Inc. Has $604.72 Million Holdings in Cintas Corporation $CTAS

Franklin Resources Inc. trimmed its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 0.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,713,333 shares of the business services provider’s stock after selling 13,195 shares during the quarter. Franklin Resources Inc. owned about 0.67% of Cintas worth $604,721,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Alpha Financial Partners LLC increased its holdings in shares of Cintas by 2.9% during the 2nd quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock valued at $357,000 after acquiring an additional 45 shares during the last quarter. Portside Wealth Group LLC lifted its holdings in Cintas by 3.5% in the 2nd quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock worth $303,000 after purchasing an additional 46 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in Cintas by 3.9% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock worth $258,000 after purchasing an additional 47 shares during the period. Elyxium Wealth LLC grew its holdings in Cintas by 3.8% during the second quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 48 shares during the last quarter. Finally, Oarsman Capital Inc. raised its position in shares of Cintas by 3.9% in the first quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 49 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CTAS. Citigroup boosted their price objective on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research note on Friday, September 26th. Wells Fargo & Company dropped their target price on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. decreased their price target on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Rothschild & Co Redburn raised Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target on the stock in a research report on Tuesday, November 11th. Finally, Redburn Partners set a $184.00 price objective on Cintas in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $215.07.

Cintas Price Performance

Shares of Cintas stock opened at $185.80 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The company has a market cap of $74.67 billion, a PE ratio of 42.13, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. The firm has a fifty day moving average price of $192.15 and a two-hundred day moving average price of $209.36. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $2.70 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The business’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. Analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas announced that its Board of Directors has authorized a stock buyback program 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 buy up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Cintas Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio is 40.82%.

Cintas Company 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.