Advisors Capital Management LLC Has $1.05 Million Holdings in Cintas Corporation $CTAS

Advisors Capital Management LLC lifted its position in Cintas Corporation (NASDAQ:CTAS) by 21.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,701 shares of the business services provider’s stock after buying an additional 834 shares during the quarter. Advisors Capital Management LLC’s holdings in Cintas were worth $1,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alpha Financial Partners LLC raised its holdings in shares of Cintas by 2.9% in the 2nd quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock valued at $357,000 after purchasing an additional 45 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its position in Cintas by 3.9% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock worth $258,000 after acquiring an additional 47 shares during the period. Elyxium Wealth LLC raised its position in shares of Cintas by 3.8% in the second quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock valued at $295,000 after buying an additional 48 shares in the last quarter. Oarsman Capital Inc. lifted its position in shares of Cintas by 3.9% during the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 49 shares during the period. Finally, Independent Wealth Network Inc. lifted its position in 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 purchasing an additional 49 shares during the period. 63.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CTAS. Rothschild Redb raised Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings lowered shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Citigroup lifted their price target on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. Sanford C. Bernstein started coverage on Cintas in a report on Wednesday. They issued a “market perform” rating and a $200.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Cintas has a consensus rating of “Hold” and an average target price of $215.07.

Cintas Price Performance

CTAS stock opened at $186.72 on Friday. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The firm has a market cap of $75.04 billion, a price-to-earnings ratio of 42.34, a PEG ratio of 3.18 and a beta of 0.99. The company’s fifty day simple moving average is $194.01 and its 200 day simple moving average is $210.29. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24.

Cintas (NASDAQ:CTAS) last posted 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 during the quarter, compared to analyst estimates of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

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

Cintas announced that its Board of Directors has approved a share buyback plan 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Cintas 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.