Secured Retirement Advisors LLC Purchases Shares of 2,993 Cintas Corporation $CTAS

Secured Retirement Advisors LLC acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,993 shares of the business services provider’s stock, valued at approximately $614,000.

Several other hedge funds also recently modified their holdings of the stock. WPG Advisers LLC bought a new position in Cintas during the first quarter worth $27,000. Saudi Central Bank bought a new position in shares of Cintas during the 1st quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC boosted its position in shares of Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Cintas by 3,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after buying an additional 157 shares during the period. Finally, Addison Advisors LLC increased its position in Cintas by 57.0% in the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after buying an additional 61 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CTAS shares. Wells Fargo & Company set a $205.00 price target on Cintas and gave the stock an “equal weight” rating in a research note on Friday, December 19th. Morgan Stanley decreased their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Robert W. Baird upped their price objective on shares of Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Redburn Partners set a $184.00 target price on shares of Cintas in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $212.00.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $186.80 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The stock has a market cap of $75.07 billion, a PE ratio of 54.46, a price-to-earnings-growth ratio of 3.28 and a beta of 0.96. The stock’s fifty day simple moving average is $186.55 and its two-hundred day simple moving average is $203.49. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, beating 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 company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 14th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, November 14th. Cintas’s payout ratio is presently 52.48%.

Cintas announced that its Board of Directors has approved a share buyback plan on Tuesday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

About Cintas

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.