Congress Asset Management Co. Sells 6,419 Shares of Cintas Corporation $CTAS

Congress Asset Management Co. cut its holdings in shares of Cintas Corporation (NASDAQ:CTASFree Report) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 774,096 shares of the business services provider’s stock after selling 6,419 shares during the period. Cintas accounts for approximately 1.1% of Congress Asset Management Co.’s holdings, making the stock its 23rd biggest holding. Congress Asset Management Co. owned about 0.19% of Cintas worth $158,891,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Alpha Financial Partners LLC lifted its holdings in Cintas by 2.9% in the second quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock valued at $357,000 after buying an additional 45 shares during the period. Portside Wealth Group LLC raised its position in shares of Cintas by 3.5% during the 2nd quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock valued at $303,000 after acquiring an additional 46 shares during the last quarter. Elyxium Wealth LLC lifted its stake in shares of Cintas by 3.8% in the 2nd quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 48 shares during the period. Oarsman Capital Inc. boosted its position in shares of Cintas by 3.9% in the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock worth $272,000 after purchasing an additional 49 shares during the last quarter. Finally, Independent Wealth Network Inc. grew its stake in shares of 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. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

NASDAQ CTAS opened at $187.57 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.94 and a current ratio of 1.71. The stock has a market cap of $75.38 billion, a price-to-earnings ratio of 56.67, a PEG ratio of 3.24 and a beta of 0.96. The business has a 50 day simple moving average of $186.39 and a 200 day simple moving average of $204.40. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24.

Cintas (NASDAQ:CTASGet Free Report) last announced its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 14th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, November 14th. Cintas’s dividend payout ratio is 54.38%.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CTAS. JPMorgan Chase & Co. cut their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 15th. Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research note on Friday. Finally, Wells Fargo & Company set a $205.00 price target on shares of Cintas and gave the stock an “equal weight” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $211.64.

Read Our Latest Analysis on Cintas

Key Cintas News

Here are the key news stories impacting Cintas this week:

About Cintas

(Free Report)

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.

Further Reading

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.