Cintas Corporation $CTAS Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Cintas Corporation (NASDAQ:CTAS) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 811,055 shares of the business services provider’s stock after selling 31,622 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of Cintas worth $158,204,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Cintas in the 3rd quarter valued at $54,993,000. Vise Technologies Inc. raised its holdings in shares of Cintas by 11.1% in the third quarter. Vise Technologies Inc. now owns 43,709 shares of the business services provider’s stock valued at $8,526,000 after purchasing an additional 4,377 shares during the last quarter. Cidel Asset Management Inc. grew its position in Cintas by 8.4% in the 3rd quarter. Cidel Asset Management Inc. now owns 1,328 shares of the business services provider’s stock worth $259,000 after purchasing an additional 103 shares in the last quarter. Invera Wealth Advisors LLC increased its stake in Cintas by 5.3% in the 3rd quarter. Invera Wealth Advisors LLC now owns 2,382 shares of the business services provider’s stock valued at $465,000 after buying an additional 119 shares during the last quarter. Finally, MGO One Seven LLC lifted its position in shares of Cintas by 2.3% during the 3rd quarter. MGO One Seven LLC now owns 7,719 shares of the business services provider’s stock worth $1,506,000 after buying an additional 173 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Argus increased their price target on Cintas from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, September 29th. Rothschild & Co Redburn upped their price objective on Cintas from $184.00 to $198.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Bank of America reiterated a “buy” rating and set a $232.00 target price on shares of Cintas in a research note on Thursday. The Goldman Sachs Group increased their price target on shares of Cintas from $231.00 to $239.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Finally, Citigroup raised their price objective on shares of Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a report on Wednesday, September 30th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cintas has a consensus rating of “Moderate Buy” and an average target price of $218.62.

Cintas Stock Performance

Shares of CTAS opened at $219.82 on Monday. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $226.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29. The stock’s fifty day moving average price is $204.45 and its two-hundred day moving average price is $190.50. The firm has a market cap of $87.29 billion, a PE ratio of 43.36, a PEG ratio of 3.49 and a beta of 0.86.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, equities research analysts forecast that Cintas Corporation will post 5.53 EPS for the current year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 13th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 13th. Cintas’s dividend payout ratio (DPR) is currently 41.03%.

Key Cintas News

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: A report that the Federal Trade Commission has not indicated it will block the UniFirst transaction narrowed the deal spread and reduced near-term fears of a failed acquisition. The deal could expand Cintas’s scale and market position if completed. UniFirst/Cintas spread narrows on report FTC hasn’t indicated it will block deal
• Positive Sentiment: Investor letters cited solid earnings, operational execution and record fourth-quarter margins, alongside a higher outlook. Cintas previously exceeded quarterly EPS and revenue expectations, with revenue up 10.9% year over year, reinforcing confidence in demand and profitability. Cintas Corporation Gains as Record Q4 Margins Fuel Guidance Increase
• Positive Sentiment: The board approved a quarterly dividend of $0.52 per share, supporting Cintas’s shareholder-return profile. Cintas approves dividend
• Neutral Sentiment: Shareholders approved Cintas’s reincorporation proposal and board slate, removing a governance-related uncertainty but offering limited immediate earnings impact. Cintas Shareholders Approve Reincorporation and Board Slate
• Negative Sentiment: The FTC may still sue to block the UniFirst deal. A failed transaction could require Cintas to pay a $350 million termination fee and eliminate the anticipated strategic benefits. FTC Puts a Wrinkle in the Cintas and UniFirst Merger

Cintas Profile

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.