Terra Nova Asset Management LLC Sells 533 Shares of Cintas Corporation $CTAS

Terra Nova Asset Management LLC lessened its stake in Cintas Corporation (NASDAQ:CTAS) by 18.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,351 shares of the business services provider’s stock after selling 533 shares during the quarter. Terra Nova Asset Management LLC’s holdings in Cintas were worth $524,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in shares of Cintas in the 1st quarter valued at about $27,000. Saudi Central Bank acquired a new position in Cintas during the first quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC increased its stake in 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 valued at $32,000 after purchasing an additional 128 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Cintas by 3,925.0% in the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after purchasing an additional 157 shares during the period. Finally, Addison Advisors LLC boosted its position in shares of Cintas by 57.0% during the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Redburn Partners set a $184.00 target price on Cintas in a report on Tuesday, November 11th. Citigroup boosted their price objective on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. Wells Fargo & Company dropped their target price on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Royal Bank Of Canada reduced their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a report on Thursday, September 25th. Finally, Sanford C. Bernstein began coverage on shares of Cintas in a research report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $215.07.

Cintas Trading Down 0.2%

NASDAQ CTAS opened at $183.47 on Thursday. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The stock’s 50 day moving average price is $192.91 and its two-hundred day moving average price is $209.72. The stock has a market capitalization of $73.73 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 3.18 and a beta of 0.99.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the company earned $1.10 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

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

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders 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 annualized dividend and a dividend yield of 1.0%. Cintas’s dividend payout ratio (DPR) is presently 40.82%.

Cintas Company 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.