Mutual Advisors LLC Increases Stake in Cintas Corporation $CTAS

Mutual Advisors LLC raised its position in Cintas Corporation (NASDAQ:CTAS) by 632.9% in the 3rd quarter, Holdings Channel reports. The fund owned 8,362 shares of the business services provider’s stock after acquiring an additional 7,221 shares during the period. Mutual Advisors LLC’s holdings in Cintas were worth $1,608,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC increased its position in 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 worth $32,000 after purchasing an additional 128 shares during the period. Alpine Bank Wealth Management lifted its holdings in shares of Cintas by 1,092.9% in the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after buying an additional 153 shares during the period. 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 valued at $35,000 after buying an additional 81 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in 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 acquiring an additional 157 shares during the period. Finally, Addison Advisors LLC raised its position in 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 acquiring an additional 61 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on CTAS shares. Sanford C. Bernstein assumed coverage on shares of Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Citigroup reiterated a “sell” rating and set a $181.00 price target (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Redburn Partners set a $184.00 target price on Cintas in a research report on Tuesday, November 11th. Finally, Morgan Stanley cut their target price on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $214.86.

Cintas Stock Performance

Shares of CTAS opened at $190.73 on Wednesday. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The company has a market capitalization of $76.27 billion, a price-to-earnings ratio of 55.61, a PEG ratio of 3.27 and a beta of 0.95. The company’s 50 day simple moving average is $189.21 and its 200 day simple moving average is $197.65. 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 announced its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, sell-side analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas declared that its Board of Directors has authorized a share buyback plan 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 buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Cintas Dividend Announcement

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

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.