Sanders Morris Harris LLC Takes $10.10 Million Position in Cintas Corporation $CTAS

Sanders Morris Harris LLC bought a new position in Cintas Corporation (NASDAQ:CTAS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 49,220 shares of the business services provider’s stock, valued at approximately $10,103,000. Cintas makes up about 1.3% of Sanders Morris Harris LLC’s holdings, making the stock its 11th biggest holding.

Several other institutional investors also recently bought and sold shares of CTAS. WPG Advisers LLC purchased a new stake in Cintas in the 1st quarter worth $27,000. Saudi Central Bank bought a new stake in shares of Cintas in the first quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Cintas by 800.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after purchasing an additional 128 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Cintas by 3,925.0% during the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after buying an additional 157 shares during the last quarter. Finally, Addison Advisors LLC grew its holdings in Cintas by 57.0% during the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after buying an additional 61 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

Cintas stock opened at $187.62 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The firm has a market capitalization of $75.40 billion, a P/E ratio of 42.54, a price-to-earnings-growth ratio of 3.26 and a beta of 0.96. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24. The company’s 50-day moving average is $186.66 and its 200 day moving average is $205.06.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates 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. The company’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. Research analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 14th were paid a $0.45 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Cintas’s dividend payout ratio (DPR) is presently 40.82%.

Cintas announced that its Board of Directors has initiated a share buyback plan on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of research reports. Rothschild & Co Redburn upgraded 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. Redburn Partners set a $184.00 price objective on shares of Cintas in a research report on Tuesday, November 11th. Sanford C. Bernstein initiated coverage on shares of Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Finally, Rothschild Redb raised Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One 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 stock. Based on data from MarketBeat.com, the company currently 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.