Cintas Corporation $CTAS Stock: Alps Advisors Inc. Raises Holdings

Key Points

• Alps Advisors increased its Cintas stake by 80.7% in the third quarter, to 30,826 shares valued at about $6.0 million. Institutional investors collectively own 63.46% of the company.
• Analysts’ consensus rating was “Moderate Buy”, with an average price target of $218.62; ratings included 10 Buys, six Holds, and one Sell.
• Cintas beat quarterly earnings and revenue estimates, reporting $1.39 per share and $3.01 billion in revenue, up 10.9% year over year. It also set fiscal 2027 EPS guidance of $5.45–$5.54 and announced a $0.52 quarterly dividend.

Alps Advisors Inc. grew its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 80.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,826 shares of the business services provider's stock after acquiring an additional 13,770 shares during the period. Alps Advisors Inc.'s holdings in Cintas were worth $6,013,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CTAS. BlackRock Inc. bought a new position in Cintas during the 2nd quarter worth $4,520,425,000. Bank of New York Mellon Corp acquired a new stake in shares of Cintas during the second quarter worth $644,334,000. Amundi lifted its holdings in shares of Cintas by 6.3% during the first quarter. Amundi now owns 2,402,362 shares of the business services provider's stock worth $406,336,000 after buying an additional 142,576 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Cintas in the second quarter valued at about $386,159,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Cintas by 34.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,040,757 shares of the business services provider's stock valued at $345,174,000 after acquiring an additional 526,299 shares during the period. Institutional investors own 63.46% of the company's stock.

Analysts Set New Price Targets

CTAS has been the topic of several research reports. Wells Fargo & Company restated an "overweight" rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Weiss Ratings lowered shares of Cintas from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. Royal Bank Of Canada restated a "sector perform" rating and set a $206.00 target price on shares of Cintas in a research report on Thursday, September 24th. Robert W. Baird set a $222.00 target price on shares of Cintas and gave the stock an "outperform" rating in a report on Thursday, September 24th. Finally, Jefferies Financial Group lifted their price target on shares of Cintas from $200.00 to $210.00 and gave the company a "hold" rating in a research report on Thursday, July 16th. 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $218.62.

Cintas Stock Performance

Shares of Cintas stock opened at $222.36 on Monday. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The company has a market cap of $88.29 billion, a PE ratio of 43.86, a price-to-earnings-growth ratio of 3.53 and a beta of 0.86. The company has a 50 day moving average of $206.46 and a 200-day moving average of $191.28. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $233.46.

Cintas (NASDAQ:CTAS - Get Free Report) last released its 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 firm had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same period in the prior year, the company earned $1.20 earnings per share. The company's quarterly revenue was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, equities research analysts forecast that Cintas Corporation will post 5.53 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 13th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.08 annualized dividend and a yield of 0.9%. Cintas's dividend payout ratio is presently 41.03%.

Cintas Company Profile

Cintas Corporation provides workplace products and services to businesses, primarily in North America. Its offerings include uniform rental and sales, workwear, and related services such as laundering and maintaining uniforms.

The company also supplies facility services, including restroom and floor products, and provides first aid and safety products and services. Its fire protection business offers services such as inspecting and maintaining fire extinguishers and other safety equipment.

Cintas traces its roots to Acme Industrial Laundry, a family business established in 1929.

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