AE Wealth Management LLC Decreases Stock Position in Cintas Corporation $CTAS

AE Wealth Management LLC trimmed its holdings in Cintas Corporation (NASDAQ:CTAS) by 15.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 37,221 shares of the business services provider’s stock after selling 6,644 shares during the period. AE Wealth Management LLC’s holdings in Cintas were worth $7,640,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Alpha Financial Partners LLC grew its holdings in Cintas by 2.9% during the second quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock valued at $357,000 after purchasing an additional 45 shares during the period. Portside Wealth Group LLC increased its holdings in shares of Cintas by 3.5% in the second quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock worth $303,000 after purchasing an additional 46 shares during the last quarter. Elyxium Wealth LLC raised its holdings in shares of Cintas by 3.8% during the 2nd quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock worth $295,000 after acquiring an additional 48 shares in the last quarter. PDS Planning Inc raised its stake in Cintas by 2.0% during the second quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock valued at $559,000 after purchasing an additional 49 shares in the last quarter. Finally, Copperwynd Financial LLC lifted its holdings in shares of Cintas by 4.0% in the 2nd quarter. Copperwynd Financial LLC now owns 1,306 shares of the business services provider’s stock valued at $291,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CTAS shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research report on Friday, December 19th. Citigroup restated a “sell” rating and set a $181.00 target price (up previously from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Argus upgraded Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Sanford C. Bernstein assumed coverage on Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $214.86.

Cintas Trading Up 0.9%

NASDAQ:CTAS opened at $191.39 on Friday. The firm has a 50 day moving average of $188.90 and a 200 day moving average of $198.30. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. 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 $76.53 billion, a price-to-earnings ratio of 55.80, a PEG ratio of 3.25 and a beta of 0.97.

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, beating analysts’ consensus estimates of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the business posted $1.09 EPS. Cintas’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. As a group, sell-side analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas’s payout ratio is presently 52.48%.

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

Cintas 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.