Cintas Corporation $CTAS Stock Position Increased by Assetmark Inc.

Assetmark Inc. boosted its position in shares of Cintas Corporation (NASDAQ:CTAS) by 21.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,346 shares of the business services provider’s stock after buying an additional 2,739 shares during the quarter. Assetmark Inc.’s holdings in Cintas were worth $3,150,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Portside Wealth Group LLC boosted its holdings in Cintas by 3.5% during the second quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock worth $303,000 after buying an additional 46 shares in the last quarter. Elyxium Wealth LLC lifted its stake in Cintas by 3.8% in the 2nd quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock worth $295,000 after acquiring an additional 48 shares in the last quarter. Beacon Investment Advisors LLC grew its position in Cintas by 3.2% during the second quarter. Beacon Investment Advisors LLC now owns 1,725 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 53 shares in the last quarter. CreativeOne Wealth LLC increased its stake in shares of Cintas by 0.3% in the second quarter. CreativeOne Wealth LLC now owns 16,697 shares of the business services provider’s stock worth $3,721,000 after acquiring an additional 54 shares during the last quarter. Finally, Woodward Diversified Capital LLC increased its position in Cintas by 4.7% in the 3rd quarter. Woodward Diversified Capital LLC now owns 1,229 shares of the business services provider’s stock worth $252,000 after purchasing an additional 55 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

NASDAQ CTAS opened at $196.41 on Thursday. The stock has a market cap of $78.54 billion, a price-to-earnings ratio of 57.26, a PEG ratio of 3.34 and a beta of 0.95. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24. The business has a 50 day simple moving average of $191.60 and a 200 day simple moving average of $195.79. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%.The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas announced that its Board of Directors has approved a stock repurchase program on Tuesday, October 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be given 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 of this dividend is Friday, February 13th. Cintas’s payout ratio is currently 52.48%.

Analyst Ratings Changes

CTAS has been the topic of a number of recent research reports. Bank of America initiated coverage on shares of Cintas in a report on Tuesday. They set a “neutral” rating and a $215.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Sanford C. Bernstein assumed coverage on Cintas in a research report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 target price for the company. Rothschild & Co Redburn set a $184.00 price target on shares of Cintas in a report on Tuesday, November 11th. Finally, Citigroup reissued a “sell” rating and issued a $181.00 price objective (up previously from $176.00) on shares of Cintas in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $218.17.

Cintas Company 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.