Flagship Harbor Advisors LLC Sells 87 Shares of Cintas Corporation $CTAS

Flagship Harbor Advisors LLC decreased its holdings in Cintas Corporation (NASDAQ:CTAS) by 4.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,091 shares of the business services provider’s stock after selling 87 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Cintas were worth $466,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of Cintas in the 1st quarter valued at $27,000. Saudi Central Bank bought a new position in shares of Cintas in the 1st quarter valued at $29,000. Stone House Investment Management LLC bought a new position in shares of Cintas in the 1st quarter valued at $41,000. Resources Management Corp CT ADV bought a new position in shares of Cintas in the 1st quarter valued at $41,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in shares of Cintas during the 1st quarter valued at $46,000. Institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CTAS shares. Royal Bank Of Canada cut their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. Citigroup lifted their target price on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. UBS Group boosted their price objective on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. dropped their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $222.09.

Cintas Stock Performance

Shares of CTAS opened at $183.27 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The stock has a 50 day moving average price of $198.73 and a two-hundred day moving average price of $211.76. The firm has a market capitalization of $73.65 billion, a P/E ratio of 41.56, a P/E/G ratio of 3.18 and a beta of 1.01. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data 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 firm had revenue of $2.72 billion during 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%.The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Cintas’s dividend payout ratio is currently 40.82%.

Cintas declared that its board has initiated a stock repurchase plan on Tuesday, October 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Cintas Profile

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.