Global Retirement Partners LLC Makes New Investment in Cintas Corporation $CTAS

Global Retirement Partners LLC acquired a new stake in Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,760 shares of the business services provider’s stock, valued at approximately $3,290,000.

Other hedge funds have also recently bought and sold shares of the company. Alpha Financial Partners LLC lifted its stake in shares of Cintas by 2.9% during 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. Portside Wealth Group LLC grew its position in shares of Cintas by 3.5% in the second quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock valued at $303,000 after purchasing an additional 46 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its stake in Cintas by 3.9% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 47 shares during the last quarter. Elyxium Wealth LLC lifted its position in Cintas by 3.8% during the second quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock worth $295,000 after buying an additional 48 shares during the period. Finally, Oarsman Capital Inc. boosted its stake in Cintas by 3.9% in the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock worth $272,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CTAS shares. JPMorgan Chase & Co. dropped their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Citigroup upped their price target on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research report on Friday, September 26th. Wells Fargo & Company cut their price target on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Rothschild & Co Redburn raised shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective for the company in a research note on Tuesday, November 11th. Finally, Redburn Partners set a $184.00 price objective on Cintas in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and an average price target of $215.07.

Cintas Price Performance

CTAS opened at $182.16 on Tuesday. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24. The company has a 50 day moving average of $191.80 and a two-hundred day moving average of $209.06. The company has a market cap of $73.20 billion, a P/E ratio of 41.31, a P/E/G ratio of 3.18 and a beta of 0.99. 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 posted 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 analyst estimates of $2.70 billion. During the same quarter in the previous year, the business posted $1.10 EPS. The business’s quarterly revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be paid a $0.45 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s dividend payout ratio (DPR) is 40.82%.

Cintas declared that its board has approved a stock repurchase program on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Cintas 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.