Bahl & Gaynor Inc. Has $174.87 Million Position in Cintas Corporation $CTAS

Bahl & Gaynor Inc. lowered its holdings in Cintas Corporation (NASDAQ:CTAS) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 784,607 shares of the business services provider’s stock after selling 42,608 shares during the period. Cintas makes up 0.9% of Bahl & Gaynor Inc.’s portfolio, making the stock its 29th biggest position. Bahl & Gaynor Inc. owned about 0.19% of Cintas worth $174,865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CTAS. Brighton Jones LLC boosted its position in Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after acquiring an additional 108 shares during the period. AE Wealth Management LLC lifted its position in shares of Cintas by 21.6% in the first quarter. AE Wealth Management LLC now owns 23,835 shares of the business services provider’s stock worth $4,899,000 after purchasing an additional 4,239 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Cintas by 4.1% during the first quarter. Pinnacle Associates Ltd. now owns 1,291 shares of the business services provider’s stock worth $265,000 after purchasing an additional 51 shares during the period. Advisor OS LLC grew its position in Cintas by 11.0% during the first quarter. Advisor OS LLC now owns 4,290 shares of the business services provider’s stock valued at $882,000 after purchasing an additional 425 shares in the last quarter. Finally, Journey Strategic Wealth LLC acquired a new position in Cintas in the 1st quarter valued at approximately $217,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 1.4%

Cintas stock opened at $185.80 on Friday. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24. The company’s fifty day moving average price is $192.15 and its two-hundred day moving average price is $209.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The company has a market capitalization of $74.67 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 3.18 and a beta of 0.99.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas declared that its board has approved a share buyback plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Cintas Dividend Announcement

The business 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 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, November 14th. Cintas’s dividend payout ratio (DPR) is 40.82%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CTAS. JPMorgan Chase & Co. decreased their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Royal Bank Of Canada dropped their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. Rothschild Redb raised Cintas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research note on Wednesday. Finally, Sanford C. Bernstein assumed coverage on Cintas in a research note on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $215.07.

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.