AlphaCore Capital LLC Makes New $130,000 Investment in Cintas Corporation $CTAS

AlphaCore Capital LLC acquired a new stake in Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 583 shares of the business services provider’s stock, valued at approximately $130,000.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in Cintas by 25.5% during the first quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock valued at $162,615,000 after purchasing an additional 160,820 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of Cintas by 11.2% during the 2nd quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock worth $3,225,000 after purchasing an additional 1,459 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Cintas by 16.5% during the 1st quarter. Focus Partners Wealth now owns 25,040 shares of the business services provider’s stock worth $5,147,000 after purchasing an additional 3,554 shares in the last quarter. Comerica Bank boosted its holdings in shares of Cintas by 9.8% in the 1st quarter. Comerica Bank now owns 91,991 shares of the business services provider’s stock valued at $18,907,000 after buying an additional 8,215 shares during the last quarter. Finally, Axiom Investors LLC DE grew its stake in shares of Cintas by 16.2% in the first quarter. Axiom Investors LLC DE now owns 1,058,843 shares of the business services provider’s stock valued at $217,624,000 after buying an additional 147,851 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CTAS. Wells Fargo & Company reaffirmed a “cautious” rating and set a $185.00 price target (down from $218.00) on shares of Cintas in a research report on Tuesday. Royal Bank Of Canada dropped their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. Rothschild Redb upgraded shares of Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Rothschild & Co Redburn raised Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target on the stock in a research report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. dropped their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Cintas currently has a consensus rating of “Hold” and a consensus target price of $212.71.

Cintas Price Performance

Cintas stock opened at $183.67 on Wednesday. The company has a market capitalization of $73.81 billion, a price-to-earnings ratio of 41.65, a PEG ratio of 3.18 and a beta of 0.99. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24. The stock’s 50 day moving average is $191.49 and its 200-day moving average is $208.84.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results 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 business 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 firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities research analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

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

Cintas Dividend Announcement

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

About Cintas

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.