Cintas Corporation $CTAS Shares Purchased by Wealthspire Advisors LLC

Wealthspire Advisors LLC increased its position in Cintas Corporation (NASDAQ:CTAS) by 3.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,286 shares of the business services provider’s stock after acquiring an additional 302 shares during the period. Wealthspire Advisors LLC’s holdings in Cintas were worth $2,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Portside Wealth Group LLC boosted its position in Cintas by 3.5% in the 2nd quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock worth $303,000 after purchasing an additional 46 shares in the last quarter. Inspire Advisors LLC increased its stake in shares of Cintas by 89.7% in the 2nd quarter. Inspire Advisors LLC now owns 6,035 shares of the business services provider’s stock valued at $1,345,000 after purchasing an additional 2,854 shares in the last quarter. United Advisor Group LLC raised its holdings in Cintas by 54.3% in the 2nd quarter. United Advisor Group LLC now owns 2,926 shares of the business services provider’s stock worth $652,000 after purchasing an additional 1,030 shares during the period. Empowered Funds LLC boosted its position in Cintas by 87.4% during the second quarter. Empowered Funds LLC now owns 40,580 shares of the business services provider’s stock worth $9,044,000 after purchasing an additional 18,926 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Cintas by 1.4% during 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 in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several research analyst reports. Redburn Partners set a $184.00 target price on shares of Cintas in a research report on Tuesday, November 11th. Royal Bank Of Canada lowered their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 25th. Wells Fargo & Company lowered their price objective on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Weiss Ratings cut shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, November 13th. Finally, Citigroup boosted their price objective on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cintas has an average rating of “Hold” and an average price target of $215.07.

Cintas Stock Down 0.2%

CTAS stock opened at $183.47 on Thursday. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24. The company has a fifty day moving average of $192.91 and a 200-day moving average of $209.72. The stock has a market capitalization of $73.73 billion, a PE ratio of 41.60, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. 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 posted its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the company posted $1.10 EPS. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Announces Dividend

The company 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 annualized dividend and a dividend yield of 1.0%. Cintas’s dividend payout ratio is presently 40.82%.

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

Cintas Company 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.