Advisory Services Network LLC Increases Holdings in Cintas Corporation $CTAS

Advisory Services Network LLC grew its position in Cintas Corporation (NASDAQ:CTAS) by 28.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,935 shares of the business services provider’s stock after buying an additional 4,010 shares during the quarter. Advisory Services Network LLC’s holdings in Cintas were worth $3,991,000 at the end of the most recent reporting period.

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

Cintas Stock Down 0.4%

NASDAQ:CTAS opened at $187.62 on Wednesday. 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 twelve month low of $180.39 and a twelve month high of $229.24. The company has a market cap of $75.40 billion, a PE ratio of 42.54, a P/E/G ratio of 3.26 and a beta of 0.96. The company’s 50 day moving average is $186.66 and its two-hundred day moving average is $205.06.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS 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 the consensus estimate of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas declared that its Board of Directors has initiated a stock 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 repurchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Cintas Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on CTAS shares. Wells Fargo & Company reiterated a “cautious” rating and issued a $185.00 target price (down from $218.00) on shares of Cintas in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a research report on Monday. Rothschild Redb upgraded shares of Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Sanford C. Bernstein assumed coverage on shares of Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price for the company. Finally, Redburn Partners set a $184.00 price target on shares of Cintas in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $212.71.

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.