Geneos Wealth Management Inc. Sells 5,977 Shares of Cintas Corporation $CTAS

Geneos Wealth Management Inc. trimmed its position in shares of Cintas Corporation (NASDAQ:CTAS) by 88.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 811 shares of the business services provider’s stock after selling 5,977 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Cintas were worth $166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after purchasing an additional 128 shares during the period. Golden State Wealth Management LLC lifted its stake in Cintas by 3,925.0% in 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 during the last quarter. Alpine Bank Wealth Management boosted its position in shares of 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 buying an additional 153 shares during the period. Addison Advisors LLC grew its stake in shares of Cintas by 57.0% during the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after buying an additional 61 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its holdings in shares of Cintas by 84.0% in the third quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock worth $37,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CTAS shares. Sanford C. Bernstein assumed coverage on Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective for the company. Rothschild Redb upgraded shares of Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Morgan Stanley reduced their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Robert W. Baird boosted their price objective on shares of Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research report on Friday, December 19th. One investment 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $212.00.

Cintas Stock Up 1.5%

Shares of Cintas stock opened at $193.12 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. The stock has a market cap of $77.23 billion, a price-to-earnings ratio of 56.30, a PEG ratio of 3.31 and a beta of 0.97. The firm’s 50-day moving average is $186.42 and its two-hundred day moving average is $200.69. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, beating 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 business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, research analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

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

Cintas declared that its board has initiated a stock repurchase plan on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Cintas Profile

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.