Symphony Financial Ltd. Co. Invests $20.03 Million in Cintas Corporation $CTAS

Symphony Financial Ltd. Co. acquired a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the second quarter, HoldingsChannel reports. The fund acquired 89,891 shares of the business services provider’s stock, valued at approximately $20,030,000.

Other large investors have also added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in Cintas during the 1st quarter valued at $27,000. Saudi Central Bank bought a new position in Cintas in the first quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 128 shares during the period. Golden State Wealth Management LLC increased its position in shares of Cintas by 3,925.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 157 shares during the last quarter. Finally, Addison Advisors LLC boosted its holdings in shares of Cintas by 57.0% in the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after buying an additional 61 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 0.6%

CTAS stock opened at $186.72 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24. The business has a 50 day simple moving average of $194.01 and a two-hundred day simple moving average of $210.28. The company has a market capitalization of $75.04 billion, a price-to-earnings ratio of 42.34, a PEG ratio of 3.18 and a beta of 0.99.

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, topping analysts’ consensus estimates of $1.19 by $0.01. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. Cintas’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas announced that its board has initiated a share buyback program on Tuesday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Cintas Announces Dividend

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

Analyst Ratings Changes

A number of analysts have commented on the stock. Rothschild & Co Redburn raised shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 target price for the company in a report on Tuesday, November 11th. Sanford C. Bernstein started coverage on Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report 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, Royal Bank Of Canada decreased their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. One 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 MarketBeat.com, Cintas has an average rating of “Hold” and an average target price of $215.07.

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.