1,493 Shares in Cintas Corporation $CTAS Purchased by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC bought a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,493 shares of the business services provider’s stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CTAS. Global Retirement Partners LLC purchased a new position in Cintas in the second quarter worth $3,290,000. Intellus Advisors LLC raised its stake in shares of Cintas by 6.3% during the 2nd quarter. Intellus Advisors LLC now owns 4,784 shares of the business services provider’s stock worth $1,066,000 after purchasing an additional 284 shares during the period. Waterloo Capital L.P. boosted its holdings in shares of Cintas by 8.6% in the 2nd quarter. Waterloo Capital L.P. now owns 6,159 shares of the business services provider’s stock worth $1,373,000 after buying an additional 489 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Cintas by 57.3% in the 2nd quarter. Prudential Financial Inc. now owns 300,287 shares of the business services provider’s stock worth $66,925,000 after buying an additional 109,357 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in Cintas by 1.6% during the second quarter. Coldstream Capital Management Inc. now owns 5,965 shares of the business services provider’s stock valued at $1,329,000 after buying an additional 95 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on CTAS shares. Rothschild & Co Redburn raised shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective on the stock in a research report on Tuesday, November 11th. Sanford C. Bernstein initiated coverage on Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a research report on Wednesday, November 19th. Finally, Royal Bank Of Canada lowered their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $215.07.

Cintas Trading Down 2.0%

Shares of CTAS opened at $182.16 on Tuesday. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The stock has a market cap of $73.20 billion, a PE ratio of 41.31, a P/E/G 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. The business’s 50-day moving average price is $191.80 and its 200-day moving average price is $209.06.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. The company had revenue of $2.72 billion during 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 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

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

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

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.