AlphaQuest LLC Trims Stock Position in Cintas Corporation $CTAS

AlphaQuest LLC lowered its position in shares of Cintas Corporation (NASDAQ:CTAS) by 52.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,750 shares of the business services provider’s stock after selling 5,321 shares during the period. AlphaQuest LLC’s holdings in Cintas were worth $975,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC increased 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 buying an additional 128 shares during the period. Alpine Bank Wealth Management grew 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 worth $34,000 after acquiring an additional 153 shares during the last quarter. WPG Advisers LLC grew its position in shares of Cintas by 90.0% during the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after acquiring an additional 81 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of 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 period. Finally, Addison Advisors LLC raised its position 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 purchasing an additional 61 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

NASDAQ CTAS opened at $190.91 on Tuesday. The stock has a market capitalization of $76.34 billion, a price-to-earnings ratio of 55.66, a PEG ratio of 3.28 and a beta of 0.95. The business’s 50 day moving average is $189.07 and its two-hundred day moving average is $197.87. Cintas Corporation has a 12-month low of $180.39 and a 12-month 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 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. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Research analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas declared that its Board of Directors has initiated a share buyback plan on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, February 13th. Cintas’s dividend payout ratio (DPR) is currently 52.48%.

Analyst Ratings Changes

Several research analysts have issued reports on CTAS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. Argus raised Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Rothschild Redb raised Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and lifted their target price for the company from $205.00 to $245.00 in a research note on Wednesday, January 14th. Finally, Redburn Partners set a $184.00 price target on Cintas in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $214.86.

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.