Wealth Enhancement Advisory Services LLC Acquires 171,370 Shares of Cintas Corporation $CTAS

Wealth Enhancement Advisory Services LLC raised its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 128.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 304,304 shares of the business services provider’s stock after acquiring an additional 171,370 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Cintas were worth $60,608,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Barnes Dennig Private Wealth Management LLC boosted its position in Cintas by 800.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 128 shares in the last quarter. Alpine Bank Wealth Management lifted its position in shares of Cintas by 1,092.9% during the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after buying an additional 153 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Cintas by 3,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after buying an additional 157 shares in the last quarter. Addison Advisors LLC grew its position 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 buying an additional 61 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its stake in shares of Cintas by 84.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock worth $37,000 after acquiring an additional 84 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

NASDAQ:CTAS traded down $1.29 during mid-day trading on Tuesday, hitting $194.14. The company’s stock had a trading volume of 105,848 shares, compared to its average volume of 1,584,217. The stock has a market cap of $77.63 billion, a price-to-earnings ratio of 56.60, a PEG ratio of 3.35 and a beta of 0.97. The business’s fifty day moving average is $187.60 and its two-hundred day moving average is $199.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The firm had revenue of $2.80 billion for 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%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas declared that its Board of Directors has authorized a share repurchase 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 typically an indication that the company’s board believes its stock is undervalued.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, November 14th. Cintas’s payout ratio is currently 52.48%.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. Robert W. Baird raised their price objective on Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research report on Friday, December 19th. Morgan Stanley lowered their price target on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Finally, Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target on the stock in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $214.86.

Cintas 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.