Cintas Corporation $CTAS Shares Sold by Thematics Asset Management

Thematics Asset Management trimmed its position in shares of Cintas Corporation (NASDAQ:CTAS) by 29.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,997 shares of the business services provider’s stock after selling 18,461 shares during the quarter. Thematics Asset Management’s holdings in Cintas were worth $9,236,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTAS. Vanguard Group Inc. boosted its stake in Cintas by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock worth $7,994,594,000 after purchasing an additional 564,487 shares during the last quarter. State Street Corp raised its position in shares of Cintas by 0.5% in the second quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock valued at $3,369,391,000 after buying an additional 82,029 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Cintas by 11.2% in the second quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock worth $1,094,596,000 after buying an additional 495,486 shares in the last quarter. Norges Bank purchased a new position in shares of Cintas in the second quarter worth about $925,531,000. Finally, Nordea Investment Management AB boosted its position in Cintas by 3.0% during the third quarter. Nordea Investment Management AB now owns 2,570,609 shares of the business services provider’s stock worth $526,975,000 after acquiring an additional 73,877 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.5%

Shares of NASDAQ:CTAS opened at $194.28 on Friday. The company has a market capitalization of $77.69 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 3.48 and a beta of 0.95. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. The business has a 50-day moving average price of $195.16 and a 200 day moving average price of $193.48. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. Cintas’s revenue for the quarter was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Sell-side analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is presently 52.48%.

Analyst Upgrades and Downgrades

CTAS has been the subject of several research reports. Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and upped their price objective for the company from $205.00 to $245.00 in a research note on Wednesday, January 14th. Citigroup reissued a “sell” rating and issued a $181.00 target price (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Argus upgraded Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Thursday. Finally, Robert W. Baird upgraded Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $220.25.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.