Assetmark Inc. Has $3.15 Million Stock Position in Cintas Corporation $CTAS

Assetmark Inc. boosted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 21.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,346 shares of the business services provider’s stock after purchasing an additional 2,739 shares during the period. Assetmark Inc.’s holdings in Cintas were worth $3,150,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CTAS. Barnes Dennig Private Wealth Management LLC increased its holdings 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 during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Cintas by 3,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 157 shares during the period. Alpine Bank Wealth Management grew its holdings in Cintas by 1,092.9% during 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 period. Addison Advisors LLC raised 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 buying an additional 61 shares during the period. Finally, WPG Advisers LLC boosted its stake in shares of Cintas by 90.0% during the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after acquiring an additional 81 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Up 0.8%

Shares of CTAS opened at $196.41 on Thursday. 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. The firm’s 50 day moving average is $191.60 and its 200-day moving average is $195.79. The stock has a market capitalization of $78.54 billion, a PE ratio of 57.26, a P/E/G ratio of 3.34 and a beta of 0.95.

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 analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities research analysts forecast that Cintas Corporation will post 4.31 EPS for the current 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 issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s dividend payout ratio is 52.48%.

Cintas declared that its Board of Directors has approved a stock buyback program on Tuesday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Bank of America assumed coverage on shares of Cintas in a report on Tuesday. They issued a “neutral” rating and a $215.00 price objective on the stock. Rothschild & Co Redburn set a $184.00 target price on shares of Cintas in a report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a report on Friday, December 19th. Finally, Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and upped their target price for the company from $205.00 to $245.00 in a research report on Wednesday, January 14th. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $218.17.

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.