Concurrent Investment Advisors LLC Has $2.20 Million Holdings in Cintas Corporation $CTAS

Concurrent Investment Advisors LLC trimmed its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 34.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,693 shares of the business services provider’s stock after selling 5,498 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Cintas were worth $2,195,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CTAS. Barnes Dennig Private Wealth Management LLC boosted its position in Cintas by 800.0% during the second 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 boosted its holdings in shares of 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 buying an additional 157 shares during the period. Alpine Bank Wealth Management boosted its holdings in shares of Cintas by 1,092.9% during the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after buying an additional 153 shares during the period. Addison Advisors LLC grew its stake 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 buying an additional 61 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its holdings in Cintas by 84.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock worth $37,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $195.58 on Friday. The firm has a market capitalization of $78.21 billion, a PE ratio of 57.02, a PEG ratio of 3.33 and a beta of 0.97. 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 Corporation has a 1-year low of $180.39 and a 1-year high of $229.24. The business’s 50 day moving average is $187.19 and its 200-day moving average is $200.23.

Cintas (NASDAQ:CTAS) last issued 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. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Sell-side analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

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

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CTAS shares. 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 on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research note on Friday, December 19th. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and lifted their price target for the stock from $205.00 to $245.00 in a research report on Wednesday. Rothschild Redb raised Cintas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, UBS Group restated a “buy” rating on shares of Cintas in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $214.86.

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.