2,896 Shares in Cintas Corporation $CTAS Acquired by SVB Wealth LLC

SVB Wealth LLC purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,896 shares of the business services provider’s stock, valued at approximately $646,000.

Several other large investors have also made changes to their positions in CTAS. Brighton Jones LLC raised its holdings in shares of Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after purchasing an additional 108 shares during the period. JPMorgan Chase & Co. lifted its position in Cintas by 20.1% during the first quarter. JPMorgan Chase & Co. now owns 2,585,024 shares of the business services provider’s stock valued at $531,300,000 after buying an additional 432,980 shares in the last quarter. Virtu Financial LLC purchased a new stake in Cintas during the first quarter worth approximately $440,000. SouthState Corp grew its stake in Cintas by 64.1% during the first quarter. SouthState Corp now owns 814 shares of the business services provider’s stock worth $167,000 after buying an additional 318 shares during the period. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Cintas in the first quarter worth $413,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Up 0.1%

CTAS opened at $183.15 on Wednesday. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. 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 stock has a market capitalization of $73.60 billion, a PE ratio of 41.53, a P/E/G ratio of 3.16 and a beta of 0.96. The firm’s fifty day moving average price is $188.05 and its 200 day moving average price is $206.37.

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, topping the consensus estimate of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. The company’s revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, research analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas announced that its Board of Directors has authorized a share buyback 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 purchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, November 14th. Cintas’s dividend payout ratio (DPR) is currently 40.82%.

Analyst Ratings Changes

Several brokerages recently issued reports on CTAS. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target for the company in a report on Tuesday, November 11th. Royal Bank Of Canada decreased their price target on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a report on Thursday, September 25th. Sanford C. Bernstein initiated coverage on shares of Cintas in a research note on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Redburn Partners set a $184.00 price objective on shares of Cintas in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $212.71.

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.