Envestnet Portfolio Solutions Inc. Reduces Stock Holdings in Cintas Corporation $CTAS

Envestnet Portfolio Solutions Inc. decreased its holdings in Cintas Corporation (NASDAQ:CTAS) by 21.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,447 shares of the business services provider’s stock after selling 3,381 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Cintas were worth $2,555,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC grew its position in shares of 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 valued at $32,000 after acquiring an additional 128 shares during the period. Alpine Bank Wealth Management raised its stake in Cintas by 1,092.9% during the 3rd 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 period. WPG Advisers LLC lifted its holdings in Cintas by 90.0% during the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 81 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of Cintas by 3,925.0% in 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 during the period. Finally, Addison Advisors LLC increased its stake in shares of Cintas by 57.0% in the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after purchasing an additional 61 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CTAS has been the subject of a number of recent analyst reports. Citigroup reaffirmed 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. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target for the company in a research note on Tuesday, November 11th. Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and increased their price objective for the company from $205.00 to $245.00 in a report on Wednesday, January 14th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a report on Friday, December 19th. Finally, Redburn Partners set a $184.00 price objective on Cintas in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $214.86.

Cintas Stock Performance

NASDAQ:CTAS opened at $193.89 on Tuesday. The firm has a market capitalization of $77.53 billion, a PE ratio of 56.53, a PEG ratio of 3.30 and a beta of 0.97. The stock’s fifty day moving average is $188.39 and its 200 day moving average is $198.78. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. 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 posted its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. Cintas’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, sell-side analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently disclosed 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 payout ratio is presently 52.48%.

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

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.