Peak Financial Advisors LLC Acquires New Holdings in Cintas Corporation $CTAS

Peak Financial Advisors LLC bought a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the third quarter, Holdings Channel reports. The fund bought 11,856 shares of the business services provider’s stock, valued at approximately $2,434,000. Cintas comprises about 1.2% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 25th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Cintas by 9.3% during 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 last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Cintas by 15.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 94,665 shares of the business services provider’s stock valued at $19,456,000 after buying an additional 12,508 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Cintas by 3.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 87,002 shares of the business services provider’s stock worth $17,882,000 after acquiring an additional 2,653 shares during the last quarter. Credit Agricole S A lifted its stake in shares of Cintas by 4.9% in the first quarter. Credit Agricole S A now owns 68,089 shares of the business services provider’s stock worth $13,994,000 after acquiring an additional 3,175 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Cintas by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,587,432 shares of the business services provider’s stock valued at $531,796,000 after acquiring an additional 16,797 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTAS has been the subject of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a report on Monday. Royal Bank Of Canada decreased their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research 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 report on Tuesday, November 11th. Sanford C. Bernstein began coverage on shares of Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price on the stock. Finally, Redburn Partners set a $184.00 price objective on Cintas in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Cintas currently has a consensus rating of “Hold” and a consensus price target of $212.00.

Cintas Stock Down 0.1%

Shares of NASDAQ CTAS opened at $187.37 on Thursday. The firm has a market cap of $75.30 billion, a PE ratio of 42.49, a P/E/G ratio of 3.24 and a beta of 0.96. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. The company’s fifty day simple moving average is $186.43 and its 200 day simple moving average is $204.93. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating 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 firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, sell-side analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were paid 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 was Friday, November 14th. Cintas’s dividend payout ratio is 40.82%.

Cintas announced that its Board of Directors has approved 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 buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board 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.