Cintas Corporation $CTAS Holdings Increased by Profund Advisors LLC

Profund Advisors LLC grew its position in shares of Cintas Corporation (NASDAQ:CTAS) by 16.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 34,878 shares of the business services provider’s stock after purchasing an additional 4,981 shares during the quarter. Profund Advisors LLC’s holdings in Cintas were worth $7,773,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alpha Financial Partners LLC increased its position in shares of Cintas by 2.9% in the second quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock worth $357,000 after acquiring an additional 45 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Cintas by 3.9% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock valued at $258,000 after buying an additional 47 shares during the last quarter. Elyxium Wealth LLC grew its position in Cintas by 3.8% in the second quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock worth $295,000 after acquiring an additional 48 shares in the last quarter. Oarsman Capital Inc. increased its position in Cintas by 3.9% during the first quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock worth $272,000 after buying an additional 49 shares during the last quarter. Finally, Independent Wealth Network Inc. increased its holdings in shares of Cintas by 4.8% during the 2nd quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 49 shares during the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

CTAS stock opened at $185.07 on Monday. The business’s fifty day moving average is $196.04 and its 200-day moving average is $211.10. The company has a market cap of $74.37 billion, a P/E ratio of 41.97, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. Cintas Corporation has a twelve month low of $180.39 and a twelve month 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 the consensus estimate of $1.19 by $0.01. The firm 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%.The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities research analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Cintas Dividend Announcement

The company 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 $0.45 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio (DPR) is 40.82%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CTAS. UBS Group upped their target price on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cintas in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Citigroup increased their target price on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research report on Friday, September 26th. Finally, Royal Bank Of Canada lowered their price objective on shares of 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 research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.