Balboa Wealth Partners Makes New $208,000 Investment in Cintas Corporation $CTAS

Balboa Wealth Partners acquired a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 933 shares of the business services provider’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Alpha Financial Partners LLC increased its stake in Cintas by 2.9% in the 2nd quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock worth $357,000 after purchasing an additional 45 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Cintas by 3.9% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock valued at $258,000 after buying an additional 47 shares during the last quarter. Oarsman Capital Inc. boosted its position in Cintas by 3.9% during the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock valued at $272,000 after buying an additional 49 shares during the period. Independent Wealth Network Inc. grew its holdings in Cintas by 4.8% in the 2nd quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock worth $240,000 after acquiring an additional 49 shares during the last quarter. Finally, PDS Planning Inc increased its position in shares of Cintas by 2.0% in the second quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock valued at $559,000 after acquiring an additional 49 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS stock opened at $196.49 on Wednesday. The company’s fifty day moving average price is $203.44 and its 200-day moving average price is $212.39. The stock has a market cap of $78.96 billion, a PE ratio of 44.56, a price-to-earnings-growth ratio of 3.32 and a beta of 1.01. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the business earned $1.10 EPS. Cintas’s quarterly 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. On average, equities analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group raised their target price on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. The Goldman Sachs Group boosted their target price on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. dropped their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Wells Fargo & Company reduced their price objective on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, Citigroup lifted their target price on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $222.09.

Insider Buying and Selling

In other 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 value of $3,821,790.90. Following the sale, the chief executive officer directly owned 622,712 shares of the company’s stock, valued at $137,557,080.80. The trade was a 2.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the transaction, the director directly owned 21,945 shares of the company’s stock, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their position. The disclosure for this sale can be found here. 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.