Cintas Corporation $CTAS Shares Sold by Cwm LLC

Cwm LLC cut its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 25.0% during the third quarter, HoldingsChannel.com reports. The firm owned 26,411 shares of the business services provider’s stock after selling 8,799 shares during the period. Cwm LLC’s holdings in Cintas were worth $5,421,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CTAS. Barnes Dennig Private Wealth Management LLC increased its position 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. Golden State Wealth Management LLC increased its holdings in shares of Cintas by 3,925.0% during 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 in the last quarter. Addison Advisors LLC raised its position in shares of 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 last quarter. Resources Management Corp CT ADV acquired a new stake in Cintas in the 1st quarter worth approximately $41,000. Finally, Evolution Wealth Management Inc. acquired a new stake in Cintas in the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Down 0.4%

Cintas stock opened at $190.35 on Wednesday. The business’s 50-day moving average price is $186.47 and its 200 day moving average price is $202.54. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The firm has a market cap of $76.50 billion, a price-to-earnings ratio of 55.50, a price-to-earnings-growth ratio of 3.28 and a beta of 0.96. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.Cintas’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, sell-side analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas announced that its board has approved a share buyback plan on Tuesday, October 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Cintas Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Friday, December 19th. Morgan Stanley cut their target price on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. JPMorgan Chase & Co. lowered their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Wells Fargo & Company set a $205.00 price objective on Cintas and gave the company an “equal weight” rating in a report on Friday, December 19th. Finally, Citigroup restated a “sell” rating and issued a $181.00 price objective (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $212.00.

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.