2,048 Shares in Cintas Corporation $CTAS Acquired by HORAN Wealth LLC

HORAN Wealth LLC bought a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 2,048 shares of the business services provider’s stock, valued at approximately $456,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. WPG Advisers LLC bought a new position in shares of Cintas during the 1st quarter worth approximately $27,000. Saudi Central Bank bought a new position in shares of Cintas during the 1st quarter worth approximately $29,000. Barnes Dennig Private Wealth Management LLC increased its holdings 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 valued at $32,000 after purchasing an additional 128 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in Cintas during the 1st quarter valued at $41,000. Finally, Resources Management Corp CT ADV acquired a new stake in Cintas during the 1st quarter valued at $41,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.9%

NASDAQ CTAS opened at $185.81 on Thursday. The stock has a fifty day moving average of $197.01 and a 200-day moving average of $211.33. The stock has a market capitalization of $74.67 billion, a P/E ratio of 42.13, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities research analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas announced that its Board of Directors has approved a share repurchase program on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 14th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s payout ratio is 40.82%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CTAS shares. Wells Fargo & Company dropped their price target on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. Citigroup raised their price target on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. Robert W. Baird raised their price target on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Finally, UBS Group raised their price target on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $222.09.

Cintas Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.