J.W. Cole Advisors Inc. Boosts Stock Holdings in Cintas Corporation $CTAS

J.W. Cole Advisors Inc. grew its position in Cintas Corporation (NASDAQ:CTAS) by 29.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,506 shares of the business services provider’s stock after purchasing an additional 3,551 shares during the period. J.W. Cole Advisors Inc.’s holdings in Cintas were worth $3,456,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CTAS. Vanguard Group Inc. grew its position in Cintas by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after purchasing an additional 524,829 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Cintas by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 9,192,013 shares of the business services provider’s stock worth $2,049,017,000 after buying an additional 314,860 shares during the last quarter. Nuveen LLC bought a new position in shares of Cintas in the first quarter valued at approximately $1,877,760,000. Northern Trust Corp increased its position in shares of Cintas by 0.7% during the first quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider’s stock valued at $841,749,000 after acquiring an additional 28,469 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Cintas by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,877,309 shares of the business services provider’s stock worth $591,373,000 after acquiring an additional 59,162 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Stock Up 0.5%

Shares of NASDAQ:CTAS opened at $184.60 on Thursday. The firm has a fifty day moving average price of $191.18 and a two-hundred day moving average price of $208.67. The company has a market cap of $74.18 billion, a price-to-earnings ratio of 41.86, a PEG ratio of 3.18 and a beta of 0.99. 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 one year low of $180.39 and a one year high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. 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. The business’s quarterly revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be given a dividend of $0.45 per share. 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 dividend payout ratio (DPR) is 40.82%.

Cintas declared that its board has authorized a stock buyback program on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Citigroup increased their price target on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. Sanford C. Bernstein assumed coverage on shares of Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective for the company. Redburn Partners set a $184.00 target price on shares of Cintas in a research note on Tuesday, November 11th. Finally, 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 research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $212.71.

Cintas Profile

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.