Cintas Corporation $CTAS Holdings Raised by Ritholtz Wealth Management

Ritholtz Wealth Management increased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 9.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,991 shares of the business services provider’s stock after purchasing an additional 2,606 shares during the period. Ritholtz Wealth Management’s holdings in Cintas were worth $6,045,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CTAS. Meeder Asset Management Inc. acquired a new position in Cintas in the 2nd quarter valued at about $27,000. Archer Investment Corp purchased a new stake in shares of Cintas in the 1st quarter valued at approximately $32,000. Highland Investment Advisors LLC acquired a new stake in shares of Cintas during the 2nd quarter worth approximately $32,000. Pingora Partners LLC acquired a new stake in shares of Cintas during the 2nd quarter worth approximately $34,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Cintas during the 3rd quarter worth approximately $37,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Price Performance

CTAS stock opened at $227.52 on Friday. The business’s fifty day moving average price is $208.43 and its 200 day moving average price is $191.92. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $233.46. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $90.34 billion, a PE ratio of 44.88, a P/E/G ratio of 3.60 and a beta of 0.86.

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

Cintas Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Bank of America reaffirmed a “buy” rating and set a $232.00 price target on shares of Cintas in a research report on Thursday, October 29th. Citigroup raised their target price on Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a research note on Wednesday, September 30th. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research report on Thursday, September 24th. Weiss Ratings lowered shares of Cintas from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Cintas from $200.00 to $210.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $219.87.

Cintas Profile

Cintas Corporation provides workplace products and services to businesses, primarily in North America. Its offerings include uniform rental and sales, workwear, and related services such as laundering and maintaining uniforms. The company also supplies facility services, including restroom and floor products, and provides first aid and safety products and services. Its fire protection business offers services such as inspecting and maintaining fire extinguishers and other safety equipment. Cintas traces its roots to Acme Industrial Laundry, a family business established in 1929.