Cintas Corporation $CTAS Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC raised its holdings in Cintas Corporation (NASDAQ:CTAS) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 179,059 shares of the business services provider’s stock after purchasing an additional 6,794 shares during the period. Corient Private Wealth LLC’s holdings in Cintas were worth $39,907,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. WPG Advisers LLC acquired a new stake in Cintas in the 1st quarter valued at $27,000. Saudi Central Bank purchased a new position in Cintas during the first quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC grew its position in shares of Cintas by 800.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 128 shares during the period. Golden State Wealth Management LLC increased its stake in shares of Cintas by 3,925.0% during the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after purchasing an additional 157 shares in the last quarter. Finally, Addison Advisors LLC raised its position in shares of Cintas by 57.0% during the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after purchasing an additional 61 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Down 0.4%

Shares of CTAS opened at $187.62 on Wednesday. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24. 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 stock has a fifty day simple moving average of $186.66 and a two-hundred day simple moving average of $205.06. The company has a market capitalization of $75.40 billion, a PE ratio of 42.54, a price-to-earnings-growth ratio of 3.26 and a beta of 0.96.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Cintas’s quarterly revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

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

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup lifted their price objective on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. Rothschild Redb upgraded Cintas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective on the stock in a report on Tuesday, November 11th. Sanford C. Bernstein initiated coverage on shares of Cintas in a research note on Wednesday, November 12th. They set a “market perform” rating and a $200.00 target price on the stock. Finally, Wells Fargo & Company reiterated a “cautious” rating and issued a $185.00 target price (down from $218.00) on shares of Cintas in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $212.71.

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.