Secured Retirement Advisors LLC Acquires Shares of 2,993 Cintas Corporation $CTAS

Secured Retirement Advisors LLC bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,993 shares of the business services provider’s stock, valued at approximately $614,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. WPG Advisers LLC purchased a new stake in Cintas during the first quarter worth about $27,000. Saudi Central Bank purchased a new position in Cintas in the first quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC grew its position in shares of Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Golden State Wealth Management LLC increased its stake in shares of Cintas by 3,925.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after purchasing an additional 157 shares during the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of Cintas by 57.0% in the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after purchasing an additional 61 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Redburn Partners set a $184.00 price target on Cintas in a research note on Tuesday, November 11th. Wells Fargo & Company set a $205.00 price objective on Cintas and gave the stock an “equal weight” rating in a report on Friday, December 19th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Friday, December 19th. Finally, Robert W. Baird increased their target price on shares of Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. One research 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $212.00.

Cintas Stock Down 2.0%

Shares of NASDAQ CTAS opened at $186.80 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The company has a market cap of $75.07 billion, a P/E ratio of 54.46, a P/E/G ratio of 3.28 and a beta of 0.96. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The business has a 50-day simple moving average of $186.55 and a two-hundred day simple moving average of $203.49.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. 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 declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 14th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, November 14th. Cintas’s dividend payout ratio (DPR) is presently 52.48%.

Cintas announced that its Board of Directors has initiated a share buyback program 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 buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.