Vise Technologies Inc. Takes Position in Cintas Corporation $CTAS

Vise Technologies Inc. acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,347 shares of the business services provider’s stock, valued at approximately $2,083,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CTAS. WPG Advisers LLC bought a new position in Cintas in the first quarter worth approximately $27,000. Saudi Central Bank bought a new stake in shares of Cintas during the first quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC raised its position in shares of 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 worth $32,000 after purchasing an additional 128 shares during the period. Golden State Wealth Management LLC lifted its holdings 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 worth $36,000 after purchasing an additional 157 shares in the last quarter. Finally, Addison Advisors LLC grew 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 purchasing an additional 61 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

Shares of CTAS opened at $185.76 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $74.65 billion, a price-to-earnings ratio of 42.12, a PEG ratio of 3.18 and a beta of 0.99. The stock has a 50 day moving average of $195.15 and a 200 day moving average of $210.77. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The business had revenue of $2.72 billion for 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%.The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, sell-side analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 14th will be issued 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 of this dividend is Friday, November 14th. Cintas’s payout ratio is 40.82%.

Cintas announced that its Board of Directors has initiated a stock buyback program on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

CTAS has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Sanford C. Bernstein began coverage on shares of Cintas in a report on Wednesday. They issued a “market perform” rating and a $200.00 target price on the stock. Citigroup raised their price target on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. Morgan Stanley lifted their price target on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada lowered their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Cintas presently has a consensus rating of “Hold” and an average price target of $215.07.

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.