ABC Arbitrage SA Purchases New Holdings in Cintas Corporation $CTAS

ABC Arbitrage SA purchased a new position in Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,785 shares of the business services provider’s stock, valued at approximately $1,958,000.

A number of other large investors also recently bought and sold shares of the business. Alpha Financial Partners LLC lifted its position in shares of Cintas by 2.9% during the second quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock worth $357,000 after purchasing an additional 45 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Cintas by 3.9% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock valued at $258,000 after buying an additional 47 shares in the last quarter. Elyxium Wealth LLC grew its stake in Cintas by 3.8% in the 2nd quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock worth $295,000 after acquiring an additional 48 shares in the last quarter. Oarsman Capital Inc. grew its stake in Cintas by 3.9% in the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock worth $272,000 after acquiring an additional 49 shares in the last quarter. Finally, Independent Wealth Network Inc. increased its position in shares of Cintas by 4.8% during the second quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock worth $240,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.3%

Cintas stock opened at $185.76 on Wednesday. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. The business’s 50-day simple moving average is $195.15 and its two-hundred day simple moving average is $210.77. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The company has a market cap of $74.65 billion, a PE ratio of 42.12, a PEG ratio of 3.18 and a beta of 0.99.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. The business had revenue of $2.72 billion during 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas declared that its Board of Directors has authorized a share repurchase program on Tuesday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Cintas Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CTAS. Redburn Partners set a $184.00 price target on Cintas in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. UBS Group raised their target price on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company lowered their price target on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $216.23.

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.