Journey Strategic Wealth LLC Purchases 396 Shares of Cintas Corporation $CTAS

Journey Strategic Wealth LLC grew its position in shares of Cintas Corporation (NASDAQ:CTAS) by 37.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,452 shares of the business services provider’s stock after acquiring an additional 396 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Cintas were worth $324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. WPG Advisers LLC bought a new position in Cintas in the first quarter valued at $27,000. Saudi Central Bank acquired a new position in shares of Cintas during the 1st quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Cintas by 800.0% in 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 acquiring an additional 128 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Cintas by 3,925.0% in the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 157 shares during the last quarter. Finally, Addison Advisors LLC raised its holdings in Cintas by 57.0% during 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.

Analyst Ratings Changes

CTAS has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Sanford C. Bernstein began coverage on shares of Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price for the company. Rothschild & Co Redburn upgraded shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 target price on the stock in a report on Tuesday, November 11th. Rothschild Redb upgraded shares of Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Royal Bank Of Canada decreased their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Cintas currently has a consensus rating of “Hold” and an average target price of $215.07.

Cintas Trading Up 1.4%

Shares of Cintas stock opened at $185.80 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The business has a fifty day simple moving average of $192.15 and a two-hundred day simple moving average of $209.29. 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 $74.67 billion, a price-to-earnings ratio of 42.13, a P/E/G ratio of 3.18 and a beta of 0.99.

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

Cintas Dividend Announcement

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

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