BAM Wealth Management LLC Purchases New Position in Cintas Corporation $CTAS

BAM Wealth Management LLC acquired a new position in Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,596 shares of the business services provider’s stock, valued at approximately $943,000.

A number of other large investors have also recently made changes to their positions in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Cintas by 2.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,876 shares of the business services provider’s stock valued at $20,501,000 after acquiring an additional 2,628 shares during the last quarter. Merit Financial Group LLC lifted its position in Cintas by 11.2% during the second quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock valued at $3,225,000 after purchasing an additional 1,459 shares during the period. HBK Sorce Advisory LLC boosted its holdings in Cintas by 197.4% in the third quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock worth $1,858,000 after purchasing an additional 6,202 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Cintas by 1.4% in the second quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after purchasing an additional 524,829 shares during the last quarter. Finally, Generate Investment Management Ltd bought a new stake in Cintas in the 3rd quarter worth approximately $7,431,000. 63.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CTAS shares. Morgan Stanley dropped their price target on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Robert W. Baird increased their target price on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research report on Friday, December 19th. Finally, Redburn Partners set a $184.00 price objective on shares of Cintas in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Cintas has a consensus rating of “Hold” and an average target price of $214.86.

Cintas Stock Down 0.1%

NASDAQ CTAS opened at $192.96 on Friday. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. 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 company has a market capitalization of $77.16 billion, a P/E ratio of 56.26, a price-to-earnings-growth ratio of 3.31 and a beta of 0.97. The stock’s 50-day moving average price is $188.19 and its 200-day moving average price is $199.17.

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 the consensus estimate of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the firm posted $1.09 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, equities research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be paid 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 dividend yield of 0.9%. Cintas’s payout ratio is 52.48%.

Cintas declared that its Board of Directors has approved a stock buyback 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 purchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.