Brighton Jones LLC Has $762,000 Stake in Cintas Corporation $CTAS

Brighton Jones LLC boosted its stake in Cintas Corporation (NASDAQ:CTAS) by 152.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,421 shares of the business services provider’s stock after purchasing an additional 2,067 shares during the period. Brighton Jones LLC’s holdings in Cintas were worth $762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. WPG Advisers LLC acquired a new stake in Cintas in the first quarter valued at $27,000. Saudi Central Bank acquired a new position in shares of Cintas in the 1st quarter valued at about $29,000. Stone House Investment Management LLC bought a new stake in shares of Cintas during the 1st quarter valued at about $41,000. Resources Management Corp CT ADV bought a new stake in shares of Cintas during the 1st quarter valued at about $41,000. Finally, Washington Trust Advisors Inc. bought a new stake in shares of Cintas during the 1st quarter valued at about $46,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on CTAS. Robert W. Baird upped their target price on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Morgan Stanley upped their price target on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company cut their price target on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $222.09.

Cintas Stock Performance

Shares of Cintas stock opened at $189.89 on Wednesday. The business’s fifty day simple moving average is $200.68 and its 200 day simple moving average is $212.29. The firm has a market capitalization of $76.31 billion, a P/E ratio of 43.06, a price-to-earnings-growth ratio of 3.26 and a beta of 1.01. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.Cintas’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas announced that its Board of Directors has approved a share buyback program on Tuesday, October 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.