Cintas Corporation $CTAS Position Raised by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC boosted its position in Cintas Corporation (NASDAQ:CTAS) by 25.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,198 shares of the business services provider’s stock after purchasing an additional 7,012 shares during the period. Ascent Wealth Partners LLC’s holdings in Cintas were worth $7,019,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC lifted its holdings 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 buying an additional 128 shares during the period. Golden State Wealth Management LLC lifted its holdings in Cintas by 3,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 157 shares during the last quarter. Addison Advisors LLC lifted its holdings in Cintas by 57.0% in the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 61 shares during the last quarter. Salomon & Ludwin LLC boosted its position in shares of Cintas by 84.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 84 shares in the last quarter. Finally, Resources Management Corp CT ADV acquired a new position in shares of Cintas in the 1st quarter worth approximately $41,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CTAS. Wells Fargo & Company set a $205.00 target price on shares of Cintas and gave the company an “equal weight” rating in a research note on Friday, December 19th. Rothschild Redb upgraded Cintas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Citigroup restated a “sell” rating and issued a $181.00 target price (up from $176.00) on shares of Cintas in a report on Monday, December 22nd. Robert W. Baird boosted their target price on Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Finally, Sanford C. Bernstein started coverage on Cintas in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Hold” and a consensus price target of $212.00.

Cintas Price Performance

CTAS opened at $184.88 on Friday. The firm has a market capitalization of $74.30 billion, a P/E ratio of 53.90, a PEG ratio of 3.17 and a beta of 0.97. The stock has a fifty day moving average of $186.15 and a 200-day moving average of $201.95. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24.

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

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 14th were 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 was Friday, November 14th. Cintas’s dividend payout ratio is 52.48%.

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

About Cintas

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.