Peninsula Asset Management Inc. Reduces Position in Cintas Corporation $CTAS

Peninsula Asset Management Inc. lowered its holdings in Cintas Corporation (NASDAQ:CTAS) by 17.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 43,922 shares of the business services provider’s stock after selling 9,042 shares during the period. Cintas accounts for 5.2% of Peninsula Asset Management Inc.’s portfolio, making the stock its 4th largest position. Peninsula Asset Management Inc.’s holdings in Cintas were worth $9,789,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CTAS. Brighton Jones LLC lifted its position in Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after purchasing an additional 108 shares during the period. Ballentine Partners LLC raised its stake in shares of Cintas by 14.5% in the 1st quarter. Ballentine Partners LLC now owns 2,558 shares of the business services provider’s stock valued at $526,000 after buying an additional 323 shares in the last quarter. Kathmere Capital Management LLC raised its stake in shares of Cintas by 4.1% in the 1st quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider’s stock valued at $266,000 after buying an additional 51 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Cintas by 1.9% during the 1st quarter. Arizona State Retirement System now owns 106,502 shares of the business services provider’s stock worth $21,889,000 after acquiring an additional 1,961 shares during the period. Finally, TFR Capital LLC. acquired a new stake in shares of Cintas during the 1st quarter valued at about $267,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTAS has been the subject of several analyst reports. UBS Group raised their target price on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. dropped their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Wells Fargo & Company cut their price objective on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Morgan Stanley boosted their target price on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Finally, Citigroup increased their target price on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Cintas currently has a consensus rating of “Hold” and an average target price of $222.09.

Cintas Stock Up 0.1%

Shares of Cintas stock opened at $185.07 on Monday. The business has a fifty day simple moving average of $196.04 and a 200 day simple moving average of $211.10. The stock has a market cap of $74.37 billion, a PE ratio of 41.97, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data 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. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the business posted $1.10 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Research analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

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

Cintas Announces Dividend

The business 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. 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 currently 40.82%.

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.