Pinnacle Wealth Planning Services Inc. Purchases 605 Shares of Cintas Corporation $CTAS

Pinnacle Wealth Planning Services Inc. grew its position in Cintas Corporation (NASDAQ:CTAS) by 31.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,524 shares of the business services provider’s stock after purchasing an additional 605 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Cintas were worth $563,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in Cintas in the 1st quarter valued at $27,000. Saudi Central Bank acquired a new stake in shares of Cintas during the first quarter worth $29,000. Barnes Dennig Private Wealth Management LLC boosted its position in shares of Cintas by 800.0% in 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 acquiring an additional 128 shares during the period. Golden State Wealth Management LLC grew its stake in shares of Cintas by 3,925.0% in the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 157 shares in the last quarter. Finally, Addison Advisors LLC increased its position in 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 acquiring an additional 61 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on CTAS shares. Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Royal Bank Of Canada dropped their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday, September 25th. 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. Citigroup raised their price objective on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research note on Friday, September 26th. Finally, Redburn Partners set a $184.00 target price on Cintas in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Cintas has a consensus rating of “Hold” and a consensus target price of $215.07.

Cintas Stock Performance

NASDAQ CTAS opened at $183.91 on Wednesday. The firm’s 50 day simple moving average is $193.27 and its 200 day simple moving average is $209.91. The firm has a market capitalization of $73.91 billion, a price-to-earnings ratio of 41.70, a P/E/G ratio of 3.18 and a beta of 0.99. 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 1 year low of $180.39 and a 1 year high of $229.24.

Cintas (NASDAQ:CTAS) last released its 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 analysts’ expectations of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, research analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

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 given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, November 14th. Cintas’s dividend payout ratio is currently 40.82%.

Cintas announced that its board has authorized a share repurchase plan on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

About Cintas

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.