Commonwealth Retirement Investments LLC Purchases Shares of 4,982 Cintas Corporation $CTAS

Commonwealth Retirement Investments LLC purchased a new stake in shares of 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 purchased 4,982 shares of the business services provider’s stock, valued at approximately $1,110,000.

A number of other institutional investors have also recently added to or reduced their stakes in CTAS. Brighton Jones LLC boosted its position in shares of Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after buying an additional 108 shares during the period. Crossmark Global Holdings Inc. increased its stake in Cintas by 3.3% during the 1st quarter. Crossmark Global Holdings Inc. now owns 36,332 shares of the business services provider’s stock worth $7,467,000 after buying an additional 1,151 shares during the period. Pekin Hardy Strauss Inc. purchased a new stake in Cintas during the 1st quarter worth $218,000. China Universal Asset Management Co. Ltd. increased its stake in Cintas by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 9,967 shares of the business services provider’s stock worth $2,049,000 after buying an additional 3,404 shares during the period. Finally, Stratos Investment Management LLC purchased a new stake in Cintas during the 1st quarter worth $211,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CTAS shares. UBS Group lifted their price target on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Morgan Stanley increased their price target on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Finally, Robert W. Baird increased their price target on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $222.09.

Cintas Trading Up 1.1%

Shares of NASDAQ CTAS opened at $184.11 on Wednesday. The stock’s 50 day moving average price is $197.56 and its two-hundred day moving average price is $211.51. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24. The stock has a market capitalization of $73.99 billion, a P/E ratio of 41.75, a PEG ratio of 3.18 and a beta of 1.01. 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 announced its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Cintas’s revenue for the quarter was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas announced that its Board of Directors has initiated a stock buyback plan on Tuesday, October 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, November 14th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio is presently 40.82%.

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.