Commonwealth Equity Services LLC Has $18.43 Million Stock Position in Cintas Corporation $CTAS

Commonwealth Equity Services LLC cut its stake in Cintas Corporation (NASDAQ:CTAS) by 12.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,774 shares of the business services provider’s stock after selling 12,933 shares during the period. Commonwealth Equity Services LLC’s holdings in Cintas were worth $18,427,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CTAS. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Cintas by 800.0% in the 2nd 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 last quarter. Alpine Bank Wealth Management boosted its position in Cintas by 1,092.9% during the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 153 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Cintas by 3,925.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after acquiring an additional 157 shares during the period. Addison Advisors LLC raised its position in shares of Cintas by 57.0% in the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after acquiring an additional 61 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its stake in shares of Cintas by 84.0% in 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 during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 1.5%

Cintas stock opened at $193.12 on Friday. The firm has a market capitalization of $77.23 billion, a price-to-earnings ratio of 56.30, a price-to-earnings-growth ratio of 3.27 and a beta of 0.97. The firm’s fifty day moving average price is $186.42 and its two-hundred day moving average price is $200.98. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

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

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 outstanding shares. This buyback authorization permits the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s payout ratio is presently 52.48%.

Analyst Ratings Changes

Several equities research analysts recently commented on CTAS shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research note on Friday, December 19th. Redburn Partners set a $184.00 price objective on shares of Cintas in a research report on Tuesday, November 11th. Wells Fargo & Company set a $205.00 price objective on shares of Cintas and gave the company an “equal weight” rating in a research note on Friday, December 19th. Citigroup reissued a “sell” rating and set a $181.00 target price (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Finally, Sanford C. Bernstein started coverage on shares of Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $212.00.

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.