Wealthcare Advisory Partners LLC Grows Stock Holdings in Cintas Corporation $CTAS

Wealthcare Advisory Partners LLC lifted its holdings in Cintas Corporation (NASDAQ:CTAS) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,367 shares of the business services provider’s stock after acquiring an additional 540 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Cintas were worth $1,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nuveen LLC purchased a new position in shares of Cintas during the 1st quarter valued at about $1,877,760,000. Voya Investment Management LLC grew its holdings in Cintas by 516.8% during the first quarter. Voya Investment Management LLC now owns 854,032 shares of the business services provider’s stock worth $175,529,000 after acquiring an additional 715,570 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in Cintas by 169.7% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 910,985 shares of the business services provider’s stock worth $187,235,000 after acquiring an additional 573,151 shares during the period. Vanguard Group Inc. raised its position in Cintas by 1.3% during the first quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider’s stock valued at $7,781,223,000 after acquiring an additional 491,307 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Cintas by 163.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 767,857 shares of the business services provider’s stock valued at $171,132,000 after acquiring an additional 476,336 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

CTAS opened at $199.04 on Tuesday. The firm’s fifty day simple moving average is $210.57 and its two-hundred day simple moving average is $213.29. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The company has a market cap of $80.21 billion, a price-to-earnings ratio of 45.13, a PEG ratio of 3.50 and a beta of 1.01. 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 released its quarterly 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. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. This is a boost from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. Cintas’s dividend payout ratio (DPR) is 40.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CTAS shares. The Goldman Sachs Group raised their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Citigroup raised their price target on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. UBS Group lifted their price objective on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. Royal Bank Of Canada lowered their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. Finally, Wells Fargo & Company cut their price target on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $222.09.

Insider Transactions at Cintas

In related news, CEO Todd M. Schneider sold 17,301 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the sale, the chief executive officer directly owned 622,712 shares in the company, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin Mucci acquired 1,200 shares of Cintas stock in a transaction that occurred on Monday, July 21st. The stock was purchased at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the purchase, the director owned 2,621 shares in the company, valued at $583,303.55. The trade was a 84.45% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 14.90% of the company’s stock.

Cintas Company 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.