Cintas Corporation $CTAS Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its holdings in Cintas Corporation (NASDAQ:CTAS) by 13.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 33,213 shares of the business services provider’s stock after selling 5,033 shares during the quarter. Cresset Asset Management LLC’s holdings in Cintas were worth $6,817,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management lifted its position in Cintas by 1,092.9% during the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after acquiring an additional 153 shares during the period. WPG Advisers LLC increased its holdings in shares of Cintas by 90.0% in the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 81 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Cintas by 3,925.0% during the second 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. Addison Advisors LLC lifted its holdings in shares of Cintas by 57.0% during the second 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. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Cintas by 84.0% during the third quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock worth $37,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

CTAS stock opened at $204.53 on Friday. The firm has a 50 day moving average of $194.10 and a 200-day moving average of $194.20. The company has a market cap of $81.79 billion, a price-to-earnings ratio of 59.63, a PEG ratio of 3.61 and a beta of 0.95. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data 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. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.Cintas’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, equities analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s payout ratio is 52.48%.

Analyst Ratings Changes

Several analysts have recently commented on CTAS shares. Argus upgraded shares of Cintas to a “strong-buy” rating in a research note on Wednesday, January 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and lifted their price objective for the company from $205.00 to $245.00 in a report on Wednesday, January 14th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research report on Friday, December 19th. Finally, Rothschild & Co Redburn set a $184.00 price target on Cintas in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $218.17.

Cintas Company Profile

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.