Jacobson & Schmitt Advisors LLC Purchases New Shares in Cintas Corporation $CTAS

Jacobson & Schmitt Advisors LLC purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,592 shares of the business services provider’s stock, valued at approximately $578,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Cintas by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock worth $7,781,223,000 after buying an additional 491,307 shares during the last quarter. Nuveen LLC bought a new position in Cintas in the 1st quarter valued at $1,877,760,000. Northern Trust Corp grew its stake in Cintas by 0.7% in the 1st quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider’s stock valued at $841,749,000 after purchasing an additional 28,469 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Cintas by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider’s stock valued at $591,373,000 after purchasing an additional 59,162 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Cintas by 17.4% during the 1st quarter. Ameriprise Financial Inc. now owns 2,615,330 shares of the business services provider’s stock worth $538,303,000 after purchasing an additional 386,721 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS stock opened at $184.11 on Wednesday. The firm’s 50 day moving average is $197.56 and its 200 day moving average is $211.51. The stock has a market capitalization of $73.99 billion, a P/E ratio of 41.75, a PEG ratio of 3.18 and a beta of 1.01. Cintas Corporation has a 12 month low of $180.39 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 earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, sell-side analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

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

Cintas Announces Dividend

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

Analyst Upgrades and Downgrades

CTAS has been the subject of several research reports. Citigroup increased their price target on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a research note on Wednesday, October 8th. UBS Group lifted their price target on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Morgan Stanley increased their price objective on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Finally, Royal Bank Of Canada decreased their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $222.09.

Cintas Company 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.