Cerity Partners LLC Sells 5,378 Shares of Cintas Corporation $CTAS

Cerity Partners LLC lessened its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 2.7% in the third quarter, HoldingsChannel.com reports. The firm owned 195,645 shares of the business services provider’s stock after selling 5,378 shares during the quarter. Cerity Partners LLC’s holdings in Cintas were worth $40,158,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. boosted its position in Cintas by 1.9% during the 3rd quarter. D.A. Davidson & CO. now owns 16,522 shares of the business services provider’s stock valued at $3,391,000 after buying an additional 310 shares during the period. Motco raised its stake in shares of Cintas by 1.4% during the third quarter. Motco now owns 27,670 shares of the business services provider’s stock valued at $5,680,000 after acquiring an additional 381 shares during the last quarter. Centennial Wealth Advisory LLC boosted its holdings in shares of Cintas by 31.5% during the third quarter. Centennial Wealth Advisory LLC now owns 1,694 shares of the business services provider’s stock worth $348,000 after purchasing an additional 406 shares during the period. Alpine Bank Wealth Management grew its stake 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 worth $34,000 after purchasing an additional 153 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in Cintas by 3.4% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,890 shares of the business services provider’s stock valued at $798,000 after purchasing an additional 129 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CTAS has been the subject of several research analyst reports. Rothschild Redb upgraded Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research note on Friday, December 19th. Morgan Stanley cut their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Sanford C. Bernstein assumed coverage on shares of Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective for the company. Finally, Citigroup reaffirmed a “sell” rating and issued a $181.00 target price (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $212.00.

Cintas Stock Performance

Shares of CTAS stock opened at $190.26 on Friday. The company’s fifty day moving average price is $186.22 and its 200-day moving average price is $201.17. The stock has a market cap of $76.46 billion, a PE ratio of 55.47, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.77 billion. During the same period last year, the business earned $1.09 EPS. Cintas’s quarterly revenue was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, equities analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

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

Cintas declared that its Board of Directors has initiated a share buyback plan on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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.