Quadrant Capital Group LLC Buys 5,135 Shares of Cintas Corporation $CTAS

Quadrant Capital Group LLC increased its stake in Cintas Corporation (NASDAQ:CTAS) by 31.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,240 shares of the business services provider’s stock after buying an additional 5,135 shares during the quarter. Quadrant Capital Group LLC’s holdings in Cintas were worth $4,734,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CTAS. Brighton Jones LLC boosted its stake in shares of Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after purchasing an additional 108 shares during the period. Assetmark Inc. lifted its stake in Cintas by 2.1% in the first quarter. Assetmark Inc. now owns 9,115 shares of the business services provider’s stock worth $1,873,000 after purchasing an additional 187 shares during the last quarter. LPL Financial LLC boosted its position in shares of Cintas by 4.2% during the first quarter. LPL Financial LLC now owns 332,615 shares of the business services provider’s stock valued at $68,362,000 after buying an additional 13,356 shares during the period. Mackenzie Financial Corp grew its stake in shares of Cintas by 29.6% during the first quarter. Mackenzie Financial Corp now owns 47,976 shares of the business services provider’s stock valued at $9,861,000 after buying an additional 10,949 shares during the last quarter. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of Cintas in the first quarter worth approximately $235,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS stock opened at $184.60 on Thursday. The firm 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. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $191.18 and its 200 day moving average is $208.67.

Cintas (NASDAQ:CTAS) last announced its earnings results 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. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, sell-side analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

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

Cintas declared that its Board of Directors has initiated a share repurchase 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 reacquire up to 1.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a report on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Wells Fargo & Company reiterated a “cautious” rating and issued a $185.00 price target (down previously from $218.00) on shares of Cintas in a report on Tuesday. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective on the stock in a report on Tuesday, November 11th. Finally, Rothschild Redb raised Cintas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $212.71.

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.