Pallas Capital Advisors LLC Sells 4,901 Shares of Cintas Corporation $CTAS

Pallas Capital Advisors LLC lessened its position in Cintas Corporation (NASDAQ:CTAS) by 47.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,519 shares of the business services provider’s stock after selling 4,901 shares during the period. Pallas Capital Advisors LLC’s holdings in Cintas were worth $1,133,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC raised its stake in 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 buying an additional 128 shares during the period. Alpine Bank Wealth Management increased its holdings in shares of Cintas by 1,092.9% in 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 in the last quarter. WPG Advisers LLC raised 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 purchasing an additional 81 shares during the period. Golden State Wealth Management LLC lifted 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 valued at $36,000 after purchasing an additional 157 shares in the last quarter. Finally, Addison Advisors LLC grew 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 valued at $37,000 after purchasing an additional 61 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Stock Up 0.8%

NASDAQ:CTAS opened at $194.92 on Wednesday. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The firm has a market capitalization of $77.95 billion, a price-to-earnings ratio of 56.83, a price-to-earnings-growth ratio of 3.31 and a beta of 0.95. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is $191.38 and its two-hundred day moving average price is $195.79.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data 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. The company had revenue of $2.80 billion during 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 firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities research analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

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

Cintas Announces Dividend

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

Analyst Ratings Changes

Several analysts have commented on the stock. Rothschild & Co Redburn set a $184.00 target price on shares of Cintas in a report on Tuesday, November 11th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research report on Friday, December 19th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a report on Friday, December 19th. Morgan Stanley cut their price target on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Finally, Bank of America initiated coverage on Cintas in a research report on Tuesday. They issued a “neutral” rating and a $215.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Cintas has an average rating of “Hold” and an average price target of $218.17.

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.