Brown Advisory Inc. Trims Stock Holdings in Cintas Corporation $CTAS

Brown Advisory Inc. reduced its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 3.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,267,104 shares of the business services provider’s stock after selling 38,679 shares during the quarter. Brown Advisory Inc.’s holdings in Cintas were worth $282,400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of CTAS. Marshall Wace LLP raised its holdings in Cintas by 92.3% during the 2nd quarter. Marshall Wace LLP now owns 200,000 shares of the business services provider’s stock valued at $44,574,000 after acquiring an additional 95,975 shares during the period. Baird Financial Group Inc. grew its position in shares of Cintas by 0.4% in the second quarter. Baird Financial Group Inc. now owns 103,628 shares of the business services provider’s stock valued at $23,096,000 after purchasing an additional 406 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Cintas by 130.1% during the 2nd quarter. First Trust Advisors LP now owns 403,416 shares of the business services provider’s stock valued at $89,910,000 after purchasing an additional 228,058 shares during the period. Guggenheim Capital LLC lifted its holdings in Cintas by 21.9% during the 2nd quarter. Guggenheim Capital LLC now owns 140,728 shares of the business services provider’s stock worth $31,364,000 after purchasing an additional 25,272 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Cintas by 94.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,152 shares of the business services provider’s stock worth $480,000 after purchasing an additional 1,048 shares during the period. 63.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CTAS. Wells Fargo & Company reiterated a “cautious” rating and set a $185.00 price target (down from $218.00) on shares of Cintas in a research report on Tuesday, November 25th. Sanford C. Bernstein started coverage on shares of Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 target price on the stock. JPMorgan Chase & Co. lowered 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. Rothschild & Co Redburn upgraded shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target for the company in a research report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $212.71.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $184.03 on Friday. The company’s fifty day moving average price is $189.26 and its 200-day moving average price is $207.38. 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 capitalization of $73.96 billion, a price-to-earnings ratio of 41.73, a PEG ratio of 3.19 and a beta of 0.96. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The company 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 firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities research analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be given a dividend of $0.45 per share. The ex-dividend date 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 announced that its board has authorized a share buyback program 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.