Pinnacle Wealth Planning Services Inc. Has $563,000 Stake in Cintas Corporation $CTAS

Pinnacle Wealth Planning Services Inc. increased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 31.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,524 shares of the business services provider’s stock after acquiring an additional 605 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Cintas were worth $563,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CTAS. Nuveen LLC acquired a new stake in shares of Cintas during the first quarter valued at about $1,877,760,000. Voya Investment Management LLC raised its holdings in Cintas by 516.8% in the 1st quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock valued at $175,529,000 after buying an additional 715,570 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in Cintas by 90.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,214,098 shares of the business services provider’s stock worth $270,586,000 after buying an additional 575,372 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in Cintas by 169.7% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider’s stock worth $187,235,000 after acquiring an additional 573,151 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Cintas by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock valued at $7,781,223,000 after acquiring an additional 491,307 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Up 0.1%

Shares of Cintas stock opened at $183.91 on Wednesday. The stock’s 50-day moving average is $193.27 and its 200 day moving average is $209.91. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24. The firm has a market cap of $73.91 billion, a price-to-earnings ratio of 41.70, a PEG ratio of 3.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm’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 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

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

Cintas Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their price target on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Weiss Ratings downgraded Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, November 13th. Citigroup upped their price target on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. lowered their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Finally, Royal Bank Of Canada reduced their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $215.07.

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.