Creekmur Asset Management LLC Buys 1,039 Shares of Cintas Corporation $CTAS

Creekmur Asset Management LLC raised its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 35.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,938 shares of the business services provider’s stock after purchasing an additional 1,039 shares during the period. Creekmur Asset Management LLC’s holdings in Cintas were worth $878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CTAS. WPG Advisers LLC acquired a new position in Cintas during the first quarter valued at approximately $27,000. Saudi Central Bank acquired a new position in Cintas during the first quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Cintas by 800.0% during the second 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 during the last quarter. Stone House Investment Management LLC acquired a new position in Cintas during the first quarter valued at approximately $41,000. Finally, Resources Management Corp CT ADV acquired a new position in Cintas during the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. UBS Group increased their price objective on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Royal Bank Of Canada decreased 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 decreased their price target on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, Morgan Stanley raised their price target on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $222.09.

Cintas Stock Up 0.0%

Shares of CTAS stock opened at $183.98 on Friday. The stock has a market cap of $73.94 billion, a P/E ratio of 41.72, a price-to-earnings-growth ratio of 3.18 and a beta of 1.01. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The stock has a fifty day moving average price of $199.38 and a 200 day moving average price of $211.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. The firm 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%.Cintas’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 14th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, November 14th. Cintas’s dividend payout ratio (DPR) is 40.82%.

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

About Cintas

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.