Daymark Wealth Partners LLC Has $2.37 Million Holdings in Cintas Corporation $CTAS

Daymark Wealth Partners LLC cut its position in shares of Cintas Corporation (NASDAQ:CTAS) by 32.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,537 shares of the business services provider’s stock after selling 5,426 shares during the period. Daymark Wealth Partners LLC’s holdings in Cintas were worth $2,368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC boosted its stake in 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 buying an additional 128 shares in the last quarter. Alpine Bank Wealth Management lifted its holdings in shares of Cintas by 1,092.9% during the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after acquiring an additional 153 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Cintas by 3,925.0% during the 2nd 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 increased its stake in Cintas by 57.0% in the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 61 shares during the period. Finally, Salomon & Ludwin LLC increased its stake in Cintas by 84.0% in the third quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 84 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

Shares of CTAS stock opened at $185.46 on Tuesday. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The stock has a market capitalization of $74.53 billion, a PE ratio of 54.07, a PEG ratio of 3.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. The stock’s fifty day moving average is $186.09 and its 200-day moving average is $201.57.

Cintas (NASDAQ:CTAS) last released 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. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities research analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

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

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 14th were given a dividend of $0.45 per share. 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 dividend payout ratio is presently 52.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CTAS. Sanford C. Bernstein started coverage on shares of Cintas in a research note on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Morgan Stanley decreased their price target on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Wells Fargo & Company set a $205.00 price objective on Cintas and gave the stock an “equal weight” rating in a research note on Friday, December 19th. Finally, Rothschild & Co Redburn raised Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective for the company in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $212.00.

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.