2,433 Shares in Cintas Corporation $CTAS Bought by Partners Wealth Management LLC

Partners Wealth Management LLC acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,433 shares of the business services provider’s stock, valued at approximately $475,000.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Cintas in the 2nd quarter valued at $4,520,425,000. Bank of New York Mellon Corp purchased a new position in shares of Cintas in the 2nd quarter valued at $644,334,000. Amundi grew its position in shares of Cintas by 6.3% in the 1st quarter. Amundi now owns 2,402,362 shares of the business services provider’s stock valued at $406,336,000 after buying an additional 142,576 shares during the last quarter. Legal & General Group Plc acquired a new stake in Cintas during the 2nd quarter worth $386,159,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Cintas by 34.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,040,757 shares of the business services provider’s stock worth $345,174,000 after acquiring an additional 526,299 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $219.82 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $226.68. The stock has a 50 day moving average of $204.45 and a two-hundred day moving average of $190.50. The stock has a market cap of $87.29 billion, a P/E ratio of 43.36, a P/E/G ratio of 3.49 and a beta of 0.92.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.04. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, research analysts forecast that Cintas Corporation will post 5.53 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 13th will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, November 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. Cintas’s dividend payout ratio is currently 41.03%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CTAS. Argus boosted their price target on shares of Cintas from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, September 29th. Citigroup upped their price objective on shares of Cintas from $180.00 to $181.00 and gave the company a “sell” rating in a research note on Wednesday, September 30th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Bank of America reiterated a “buy” rating and set a $232.00 target price on shares of Cintas in a research report on Thursday. Finally, Weiss Ratings cut Cintas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Cintas presently has a consensus rating of “Moderate Buy” and an average target price of $218.62.

More Cintas News

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: A report that the Federal Trade Commission has not indicated it will block the UniFirst transaction narrowed the deal spread and reduced near-term fears of a failed acquisition. The deal could expand Cintas’s scale and market position if completed. UniFirst/Cintas spread narrows on report FTC hasn’t indicated it will block deal
• Positive Sentiment: Investor letters cited solid earnings, operational execution and record fourth-quarter margins, alongside a higher outlook. Cintas previously exceeded quarterly EPS and revenue expectations, with revenue up 10.9% year over year, reinforcing confidence in demand and profitability. Cintas Corporation Gains as Record Q4 Margins Fuel Guidance Increase
• Positive Sentiment: The board approved a quarterly dividend of $0.52 per share, supporting Cintas’s shareholder-return profile. Cintas approves dividend
• Neutral Sentiment: Shareholders approved Cintas’s reincorporation proposal and board slate, removing a governance-related uncertainty but offering limited immediate earnings impact. Cintas Shareholders Approve Reincorporation and Board Slate
• Negative Sentiment: The FTC may still sue to block the UniFirst deal. A failed transaction could require Cintas to pay a $350 million termination fee and eliminate the anticipated strategic benefits. FTC Puts a Wrinkle in the Cintas and UniFirst Merger

Cintas Profile

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.