Global Retirement Partners LLC Purchases New Shares in Cintas Corporation $CTAS

Global Retirement Partners LLC acquired a new position in Cintas Corporation (NASDAQ:CTAS) during the second quarter, Holdings Channel.com reports. The firm acquired 14,760 shares of the business services provider’s stock, valued at approximately $3,290,000.

Other large investors also recently modified their holdings of the company. Alpha Financial Partners LLC increased its position in shares of Cintas by 2.9% during 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 during the last quarter. Portside Wealth Group LLC grew its stake in Cintas by 3.5% during the 2nd quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock valued at $303,000 after purchasing an additional 46 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in 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 purchasing an additional 47 shares in the last quarter. Elyxium Wealth LLC increased its holdings in Cintas by 3.8% during the 2nd quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock worth $295,000 after purchasing an additional 48 shares during the last quarter. Finally, Oarsman Capital Inc. raised its position in shares of Cintas by 3.9% in the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 49 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CTAS. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a research report on Wednesday, November 19th. Wells Fargo & Company decreased their price objective on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Rothschild & Co Redburn upgraded shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 target price on the stock in a research note on Tuesday, November 11th. Citigroup increased their price target 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, Sanford C. Bernstein initiated coverage on Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cintas currently has a consensus rating of “Hold” and an average target price of $215.07.

Cintas Stock Down 2.0%

Shares of NASDAQ:CTAS opened at $182.16 on Tuesday. The company’s fifty day moving average is $191.80 and its two-hundred day moving average is $209.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24. The stock has a market capitalization of $73.20 billion, a price-to-earnings ratio of 41.31, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data 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 business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas announced that its Board of Directors has initiated a stock repurchase program on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally 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. Stockholders of record on Friday, November 14th will be issued 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 dividend yield of 1.0%. Cintas’s dividend payout ratio is 40.82%.

Cintas 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.