Cintas Corporation $CTAS Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC lessened its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 83.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 887 shares of the business services provider’s stock after selling 4,442 shares during the quarter. CoreCap Advisors LLC’s holdings in Cintas were worth $182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Focus Partners Wealth lifted its holdings in Cintas by 16.5% in the 1st quarter. Focus Partners Wealth now owns 25,040 shares of the business services provider’s stock valued at $5,147,000 after purchasing an additional 3,554 shares in the last quarter. Merit Financial Group LLC raised its position in shares of Cintas by 11.2% in the second quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock valued at $3,225,000 after buying an additional 1,459 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in shares of Cintas by 197.4% during the third quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock valued at $1,858,000 after buying an additional 6,202 shares during the period. Vanguard Group Inc. lifted its stake in shares of Cintas by 1.4% during the second quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock valued at $8,554,672,000 after buying an additional 524,829 shares during the period. Finally, Generate Investment Management Ltd acquired a new stake in Cintas during the third quarter worth approximately $7,431,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. UBS Group reiterated a “buy” rating on shares of Cintas in a report on Friday, December 19th. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 target price for the company in a research note on Tuesday, November 11th. Rothschild Redb raised Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Robert W. Baird lifted their price target on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Finally, Wells Fargo & Company set a $205.00 price objective on shares of Cintas and gave the stock an “equal weight” rating in a report on Friday, December 19th. One investment 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 given a Sell rating to the company. According to MarketBeat.com, Cintas currently has a consensus rating of “Hold” and an average price target of $212.00.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $193.03 on Tuesday. The business has a 50-day moving average of $186.64 and a two-hundred day moving average of $200.50. The firm has a market capitalization of $77.19 billion, a PE ratio of 56.28, a P/E/G ratio of 3.31 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business earned $1.09 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

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

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 14th were paid 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 dividend payout ratio (DPR) is currently 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.