Quantinno Capital Management LP Grows Stock Holdings in Cintas Corporation $CTAS

by · The Cerbat Gem

Quantinno Capital Management LP increased its holdings in Cintas Corporation (NASDAQ:CTAS – Free Report) by 26.1% during the 2nd quarter, Holdings Channel reports. The firm owned 173,639 shares of the business services provider’s stock after buying an additional 35,976 shares during the period. Quantinno Capital Management LP’s holdings in Cintas were worth $38,699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Cintas by 3.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 777,503 shares of the business services provider’s stock worth $173,282,000 after buying an additional 29,510 shares during the period. Diversify Advisory Services LLC lifted its position in shares of Cintas by 190.4% in the 2nd quarter. Diversify Advisory Services LLC now owns 10,067 shares of the business services provider’s stock worth $2,248,000 after purchasing an additional 6,600 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Cintas by 29.9% during the 2nd quarter. Alliancebernstein L.P. now owns 501,227 shares of the business services provider’s stock valued at $111,708,000 after purchasing an additional 115,454 shares in the last quarter. Peapack Gladstone Financial Corp raised its stake in Cintas by 47.9% in the second quarter. Peapack Gladstone Financial Corp now owns 4,348 shares of the business services provider’s stock worth $969,000 after buying an additional 1,408 shares in the last quarter. Finally, Ieq Capital LLC lifted its holdings in Cintas by 50.2% in the second quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider’s stock worth $20,710,000 after buying an additional 31,068 shares during the period. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CTAS shares. Redburn Partners set a $184.00 price target on Cintas in a research report on Tuesday, November 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a report on Monday. Wells Fargo & Company reiterated a “cautious” rating and set a $185.00 target price (down from $218.00) on shares of Cintas in a report on Tuesday, November 25th. Citigroup upped their price target on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research note on Friday, September 26th. Finally, Sanford C. Bernstein initiated coverage on Cintas in a research note on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cintas currently has an average rating of “Hold” and an average target price of $212.71.

Get Our Latest Report on Cintas

Cintas Trading Up 1.8%

Shares of NASDAQ:CTAS opened at $188.83 on Friday. The stock’s 50-day simple moving average is $187.41 and its two-hundred day simple moving average is $206.10. The stock has a market capitalization of $75.89 billion, a price-to-earnings ratio of 42.82, a PEG ratio of 3.20 and a beta of 0.96. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24. 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 (NASDAQ:CTAS – Get Free Report) last issued its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s payout ratio is presently 40.82%.

Cintas declared that its Board of Directors has approved a share buyback program on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Cintas Company Profile

(Free Report)

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.

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