Wealth Enhancement Advisory Services LLC Buys 171,370 Shares of Cintas Corporation $CTAS

Wealth Enhancement Advisory Services LLC raised its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 128.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 304,304 shares of the business services provider’s stock after purchasing an additional 171,370 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.08% of Cintas worth $60,608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC grew its holdings in 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 valued at $32,000 after buying an additional 128 shares in the last quarter. Alpine Bank Wealth Management grew its holdings in shares of Cintas by 1,092.9% in the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 153 shares in the last quarter. Golden State Wealth Management LLC increased its position in 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 worth $36,000 after purchasing an additional 157 shares during the last quarter. Addison Advisors LLC increased its position in Cintas by 57.0% in the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after purchasing an additional 61 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its stake in Cintas by 84.0% during the third quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 84 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Robert W. Baird upped their price objective on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. UBS Group reiterated a “buy” rating on shares of Cintas in a report on Friday, December 19th. Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and increased their price target for the company from $205.00 to $245.00 in a report on Wednesday, January 14th. Finally, Sanford C. Bernstein started coverage on Cintas in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $214.86.

Cintas Trading Down 0.7%

CTAS stock traded down $1.29 during midday trading on Tuesday, reaching $194.14. The company’s stock had a trading volume of 105,848 shares, compared to its average volume of 1,584,217. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The firm has a market capitalization of $77.63 billion, a price-to-earnings ratio of 56.60, a PEG ratio of 3.35 and a beta of 0.97. The stock has a fifty day simple moving average of $187.60 and a two-hundred day simple moving average of $199.59. 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 posted 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. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, equities research analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas announced that its board has approved a stock repurchase plan on Tuesday, October 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, November 14th. Cintas’s payout ratio is presently 52.48%.

Cintas Company 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.