Moors & Cabot Inc. Has $1.24 Million Position in Cintas Corporation $CTAS

Moors & Cabot Inc. trimmed its position in shares of Cintas Corporation (NASDAQ:CTAS) by 12.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,580 shares of the business services provider’s stock after selling 824 shares during the period. Moors & Cabot Inc.’s holdings in Cintas were worth $1,244,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Crestwood Advisors Group LLC bought a new position in shares of Cintas during the 1st quarter worth approximately $270,000. BNP Paribas Financial Markets raised its stake in Cintas by 25.5% during the first quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock worth $162,615,000 after acquiring an additional 160,820 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of Cintas by 11.2% during the second quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock valued at $3,225,000 after acquiring an additional 1,459 shares during the period. Comerica Bank boosted its stake in shares of Cintas by 9.8% in the 1st quarter. Comerica Bank now owns 91,991 shares of the business services provider’s stock valued at $18,907,000 after purchasing an additional 8,215 shares in the last quarter. Finally, Canopy Partners LLC bought a new stake in shares of Cintas in the 1st quarter worth about $329,000. Institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CTAS. UBS Group boosted their price target on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Robert W. Baird raised their price target on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Wells Fargo & Company reduced their price objective on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. JPMorgan Chase & Co. decreased their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Cintas presently has an average rating of “Hold” and a consensus price target of $222.09.

Cintas Price Performance

Shares of CTAS opened at $184.89 on Friday. The stock has a market cap of $74.30 billion, a P/E ratio of 41.93, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The stock’s 50-day moving average price is $196.54 and its two-hundred day moving average price is $211.15. 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 (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The business had revenue of $2.72 billion for 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%. Cintas’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the company posted $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas declared that its board has initiated a share repurchase plan on Tuesday, October 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 14th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, November 14th. Cintas’s dividend payout ratio (DPR) is presently 40.82%.

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.