AE Wealth Management LLC Has $7.64 Million Position in Cintas Corporation $CTAS

AE Wealth Management LLC reduced its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 15.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,221 shares of the business services provider’s stock after selling 6,644 shares during the quarter. AE Wealth Management LLC’s holdings in Cintas were worth $7,640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after purchasing an additional 108 shares in the last quarter. Sivia Capital Partners LLC raised its position in Cintas by 42.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock valued at $321,000 after buying an additional 428 shares during the last quarter. HB Wealth Management LLC lifted its stake in Cintas by 2.8% during the 2nd quarter. HB Wealth Management LLC now owns 8,523 shares of the business services provider’s stock valued at $1,900,000 after acquiring an additional 231 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in Cintas by 18.0% during the 2nd quarter. Capital Investment Advisors LLC now owns 2,914 shares of the business services provider’s stock worth $649,000 after acquiring an additional 444 shares during the last quarter. Finally, Woodward Diversified Capital LLC bought a new stake in shares of Cintas in the 2nd quarter worth $262,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $191.39 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The company has a market cap of $76.53 billion, a price-to-earnings ratio of 55.80, a price-to-earnings-growth ratio of 3.25 and a beta of 0.97. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24. The company has a 50-day moving average price of $188.90 and a 200-day moving average price of $198.30.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the previous year, the firm posted $1.09 EPS. The business’s revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, equities analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas announced that its board has approved a share repurchase 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 repurchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas’s dividend payout ratio (DPR) is currently 52.48%.

Analyst Ratings Changes

CTAS has been the topic of several analyst reports. Citigroup reaffirmed a “sell” rating and issued a $181.00 price objective (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Redburn Partners set a $184.00 price target on Cintas in a report on Tuesday, November 11th. Robert W. Baird upped their price objective on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Sanford C. Bernstein initiated coverage on Cintas in a research note on Wednesday, November 12th. They set a “market perform” rating and a $200.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $214.86.

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.