899 Shares in Cintas Corporation $CTAS Acquired by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. purchased a new stake in Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 899 shares of the business services provider’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTAS. WPG Advisers LLC purchased a new position in shares of Cintas in the 1st quarter valued at $27,000. Saudi Central Bank acquired a new position in Cintas in the first quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of 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 worth $32,000 after purchasing an additional 128 shares during the last quarter. Golden State Wealth Management LLC increased its position 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 in the last quarter. Finally, Addison Advisors LLC increased its position 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 in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS opened at $186.72 on Monday. The stock has a market capitalization of $75.04 billion, a P/E ratio of 42.34, a P/E/G ratio of 3.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The company’s fifty day moving average is $194.01 and its two-hundred day moving average is $210.28.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating 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 business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The business’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, sell-side analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas announced that its board has approved a stock 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 repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Cintas Announces Dividend

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

Analyst Ratings Changes

CTAS has been the topic of a number of research reports. Redburn Partners set a $184.00 price target on Cintas in a research note on Tuesday, November 11th. Sanford C. Bernstein began coverage on Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective for the company. JPMorgan Chase & Co. cut their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Rothschild Redb upgraded shares of Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Citigroup lifted their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Cintas currently has a consensus rating of “Hold” and an average price target of $215.07.

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.