HWG Holdings LP Sells 12,371 Shares of Cintas Corporation $CTAS

HWG Holdings LP decreased its holdings in Cintas Corporation (NASDAQ:CTAS) by 65.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,516 shares of the business services provider’s stock after selling 12,371 shares during the quarter. HWG Holdings LP’s holdings in Cintas were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. True North Advisors LLC grew its position in shares of Cintas by 30.2% during the 3rd quarter. True North Advisors LLC now owns 2,771 shares of the business services provider’s stock valued at $569,000 after acquiring an additional 642 shares during the period. Farther Finance Advisors LLC grew its holdings in Cintas by 9.6% during the third quarter. Farther Finance Advisors LLC now owns 8,690 shares of the business services provider’s stock valued at $1,784,000 after purchasing an additional 763 shares during the period. Baxter Bros Inc. raised its stake in shares of Cintas by 118.8% in the third quarter. Baxter Bros Inc. now owns 8,842 shares of the business services provider’s stock worth $1,815,000 after buying an additional 4,800 shares during the period. HBK Sorce Advisory LLC raised its stake in shares of Cintas by 197.4% in the third quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock worth $1,858,000 after buying an additional 6,202 shares during the period. Finally, OFI Invest Asset Management lifted its position in shares of Cintas by 16.6% during the 3rd quarter. OFI Invest Asset Management now owns 583 shares of the business services provider’s stock valued at $120,000 after buying an additional 83 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $191.99 on Tuesday. The firm has a market cap of $77.16 billion, a price-to-earnings ratio of 58.00, a P/E/G ratio of 3.23 and a beta of 0.96. The firm has a fifty day moving average price of $186.47 and a 200 day moving average price of $203.99. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. 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 results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, sell-side analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 14th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, November 14th. Cintas’s dividend payout ratio (DPR) is currently 54.38%.

Cintas declared that its board has approved a share repurchase plan on Tuesday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CTAS. Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. JPMorgan Chase & Co. reduced their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Morgan Stanley lowered their target price on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Robert W. Baird upped their target price on shares of Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Sanford C. Bernstein assumed coverage on Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $212.00.

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.