Reik & CO. LLC Has $54.41 Million Stock Position in Cintas Corporation $CTAS

Reik & CO. LLC decreased its holdings in Cintas Corporation (NASDAQ:CTAS) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 244,151 shares of the business services provider’s stock after selling 848 shares during the quarter. Cintas accounts for approximately 13.6% of Reik & CO. LLC’s holdings, making the stock its 2nd biggest position. Reik & CO. LLC owned approximately 0.06% of Cintas worth $54,414,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after buying an additional 108 shares during the last quarter. Allworth Financial LP lifted its holdings in Cintas by 107.7% in the first quarter. Allworth Financial LP now owns 12,045 shares of the business services provider’s stock valued at $2,526,000 after acquiring an additional 6,245 shares during the period. Cerity Partners LLC boosted its position in Cintas by 2.7% in the first quarter. Cerity Partners LLC now owns 189,125 shares of the business services provider’s stock worth $38,871,000 after purchasing an additional 5,016 shares during the last quarter. WESPAC Advisors LLC purchased a new position in Cintas in the first quarter worth about $213,000. Finally, Ballentine Partners LLC grew its stake in shares of Cintas by 14.5% during the 1st quarter. Ballentine Partners LLC now owns 2,558 shares of the business services provider’s stock valued at $526,000 after purchasing an additional 323 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

CTAS opened at $185.07 on Friday. The company has a 50 day simple moving average of $196.04 and a two-hundred day simple moving average of $211.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The firm has a market cap of $74.37 billion, a P/E ratio of 41.97, a PEG ratio of 3.18 and a beta of 0.99. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. Cintas’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $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 declared that its board has authorized a stock buyback program 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 stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Cintas Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research note on Friday, September 26th. UBS Group increased their price target on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Morgan Stanley boosted their price objective on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Robert W. Baird upped their price objective on Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cintas in a research report on Wednesday, October 8th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus price target of $222.09.

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.