Bellwether Advisors LLC Cuts Stake in Cintas Corporation $CTAS

Bellwether Advisors LLC lessened its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 38.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,489 shares of the business services provider’s stock after selling 13,280 shares during the period. Bellwether Advisors LLC’s holdings in Cintas were worth $4,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTAS. Alpine Bank Wealth Management raised its holdings 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 acquiring an additional 153 shares during the last quarter. WPG Advisers LLC boosted its stake in shares of Cintas by 90.0% in 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 position in shares of Cintas by 3,925.0% during 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 in the last quarter. Addison Advisors LLC lifted its holdings 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 in the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in Cintas by 84.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock worth $37,000 after purchasing an additional 84 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 $201.55 on Wednesday. The company’s 50-day moving average is $193.48 and its two-hundred day moving average is $194.09. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24. 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 firm has a market capitalization of $80.60 billion, a price-to-earnings ratio of 58.76, a PEG ratio of 3.64 and a beta of 0.95.

Cintas (NASDAQ:CTAS) last announced its quarterly 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 business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be given a $0.45 dividend. 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 payout ratio is currently 52.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CTAS shares. Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and increased their target price for the company from $205.00 to $245.00 in a research report on Wednesday, January 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research note on Friday, December 19th. Bank of America initiated coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 target price on the stock. Morgan Stanley lowered their target price 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, Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cintas currently has an average rating of “Hold” and an average price target of $218.17.

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.