AE Wealth Management LLC Acquires 20,030 Shares of Cintas Corporation $CTAS

AE Wealth Management LLC boosted its holdings in Cintas Corporation (NASDAQ:CTAS) by 84.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,865 shares of the business services provider’s stock after buying an additional 20,030 shares during the period. AE Wealth Management LLC’s holdings in Cintas were worth $9,776,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CTAS. Stokes Family Office LLC boosted its position in shares of Cintas by 0.3% in the 2nd quarter. Stokes Family Office LLC now owns 27,936 shares of the business services provider’s stock worth $6,226,000 after purchasing an additional 75 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in Cintas in the second quarter valued at about $48,000. Chancellor Financial Group WB LP acquired a new position in Cintas in the second quarter valued at about $212,000. Savant Capital LLC boosted its holdings in Cintas by 43.1% during the second quarter. Savant Capital LLC now owns 24,256 shares of the business services provider’s stock worth $5,406,000 after buying an additional 7,306 shares during the last quarter. Finally, Sound Financial Strategies Group LLC grew its position in shares of Cintas by 1.9% during the 2nd quarter. Sound Financial Strategies Group LLC now owns 3,719 shares of the business services provider’s stock worth $829,000 after buying an additional 69 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of analyst reports. Morgan Stanley increased their price target on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Wells Fargo & Company cut 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. Weiss Ratings reissued a “buy (b)” rating on shares of Cintas in a research report on Wednesday, October 8th. UBS Group boosted their price target on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. Finally, Robert W. Baird upped their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $222.09.

Cintas Trading Up 0.1%

Shares of NASDAQ:CTAS opened at $185.07 on Monday. The firm has a market cap of $74.37 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 3.18 and a beta of 0.99. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24. The company’s fifty day simple moving average is $196.04 and its 200 day simple moving average is $211.10. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The company’s revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, research analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be paid a $0.45 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s payout ratio is presently 40.82%.

Cintas declared that its Board of Directors has authorized a stock repurchase program on Tuesday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

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.