Stratos Wealth Partners LTD. Acquires 2,929 Shares of Cintas Corporation $CTAS

Stratos Wealth Partners LTD. boosted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 7.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 43,013 shares of the business services provider’s stock after purchasing an additional 2,929 shares during the period. Stratos Wealth Partners LTD.’s holdings in Cintas were worth $8,829,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Cintas by 2.7% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,876 shares of the business services provider’s stock worth $20,501,000 after acquiring an additional 2,628 shares during the last quarter. HBK Sorce Advisory LLC raised its position in Cintas by 197.4% in the 3rd quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock worth $1,858,000 after purchasing an additional 6,202 shares during the period. Scalar Gauge Management LLC lifted its stake in Cintas by 210.0% in the third quarter. Scalar Gauge Management LLC now owns 31,000 shares of the business services provider’s stock worth $6,363,000 after purchasing an additional 21,000 shares during the last quarter. Johnson Investment Counsel Inc. lifted its stake in Cintas by 2.3% in the third quarter. Johnson Investment Counsel Inc. now owns 150,809 shares of the business services provider’s stock worth $30,955,000 after purchasing an additional 3,397 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Cintas by 1.4% during the second quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock valued at $8,554,672,000 after buying an additional 524,829 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

Shares of CTAS opened at $200.36 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. The company has a 50 day moving average price of $190.56 and a 200-day moving average price of $196.74. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. The stock has a market capitalization of $80.12 billion, a PE ratio of 58.41, a PEG ratio of 3.41 and a beta of 0.95.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. Cintas’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas announced that its board has authorized a share repurchase plan 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 purchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, February 13th. Cintas’s dividend payout ratio is 52.48%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CTAS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a research note on Monday, December 29th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research report on Friday, December 19th. Argus upgraded shares of Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. UBS Group reiterated a “buy” rating on shares of Cintas in a report on Friday, December 19th. Finally, Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and upped their target price for the stock from $205.00 to $245.00 in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.08.

Cintas Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.