Simon Quick Advisors LLC Acquires 1,108 Shares of Cintas Corporation $CTAS

Simon Quick Advisors LLC lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 49.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,348 shares of the business services provider’s stock after purchasing an additional 1,108 shares during the quarter. Simon Quick Advisors LLC’s holdings in Cintas were worth $746,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Strs Ohio increased its holdings in shares of Cintas by 5.4% during the second quarter. Strs Ohio now owns 127,568 shares of the business services provider’s stock worth $28,431,000 after purchasing an additional 6,552 shares during the period. Amalgamated Bank increased its stake in Cintas by 1.0% in the second quarter. Amalgamated Bank now owns 80,795 shares of the business services provider’s stock valued at $18,007,000 after acquiring an additional 834 shares during the last quarter. Savvy Advisors Inc. increased its stake in Cintas by 36.7% in the second quarter. Savvy Advisors Inc. now owns 2,144 shares of the business services provider’s stock valued at $478,000 after acquiring an additional 576 shares during the last quarter. Assetmark Inc. increased its stake in Cintas by 38.3% in the second quarter. Assetmark Inc. now owns 12,607 shares of the business services provider’s stock valued at $2,810,000 after acquiring an additional 3,492 shares during the last quarter. Finally, Premier Path Wealth Partners LLC increased its stake in Cintas by 7.2% in the second quarter. Premier Path Wealth Partners LLC now owns 3,027 shares of the business services provider’s stock valued at $675,000 after acquiring an additional 202 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup lifted their price objective on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. Morgan Stanley lifted their price objective on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. UBS Group lifted their price objective on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Cintas in a research note on Wednesday, October 8th. Finally, Robert W. Baird boosted their target price on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $222.09.

Cintas Stock Performance

Shares of CTAS stock opened at $183.27 on Friday. The business’s 50-day moving average price is $198.73 and its 200-day moving average price is $211.76. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The firm has a market capitalization of $73.65 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 3.18 and a beta of 1.01. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last announced its quarterly 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 analyst estimates of $2.70 billion. During the same period last year, the firm posted $1.10 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities research analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

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 issued 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 payout ratio is 40.82%.

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

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.