Pallas Capital Advisors LLC Has $1.13 Million Position in Cintas Corporation $CTAS

Pallas Capital Advisors LLC lessened its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 47.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,519 shares of the business services provider’s stock after selling 4,901 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Cintas were worth $1,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Portside Wealth Group LLC lifted its position in Cintas by 3.5% during the second quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock worth $303,000 after acquiring an additional 46 shares during the last quarter. Elyxium Wealth LLC increased its stake in shares of Cintas by 3.8% during the second quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock worth $295,000 after purchasing an additional 48 shares during the period. Beacon Investment Advisors LLC lifted its holdings in Cintas by 3.2% during the 2nd quarter. Beacon Investment Advisors LLC now owns 1,725 shares of the business services provider’s stock worth $381,000 after purchasing an additional 53 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in Cintas by 0.3% in the 2nd quarter. CreativeOne Wealth LLC now owns 16,697 shares of the business services provider’s stock valued at $3,721,000 after purchasing an additional 54 shares during the period. Finally, Woodward Diversified Capital LLC boosted its position in shares of Cintas by 4.7% in the third quarter. Woodward Diversified Capital LLC now owns 1,229 shares of the business services provider’s stock valued at $252,000 after acquiring an additional 55 shares during the period. Institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CTAS. Citigroup reiterated a “sell” rating and issued a $181.00 price target (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 target price on shares of Cintas in a report on Friday, December 19th. Argus raised Cintas to a “strong-buy” rating in a research note on Wednesday, January 21st. Robert W. Baird increased their price objective on shares of Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Finally, Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and raised their target price for the company from $205.00 to $245.00 in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and an average price target of $218.17.

Cintas Stock Up 0.8%

Shares of NASDAQ CTAS opened at $194.92 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The company has a market cap of $77.95 billion, a price-to-earnings ratio of 56.83, a PEG ratio of 3.31 and a beta of 0.95. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24. The stock has a 50-day moving average price of $191.38 and a two-hundred day moving average price of $195.79.

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

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be 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 is Friday, February 13th. Cintas’s dividend payout ratio is presently 52.48%.

Cintas announced that its Board of Directors has approved a share 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 repurchase up to 1.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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.