Osaic Holdings Inc. Increases Stock Holdings in Cintas Corporation $CTAS

Osaic Holdings Inc. increased its position in Cintas Corporation (NASDAQ:CTAS) by 48.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 131,895 shares of the business services provider’s stock after acquiring an additional 43,291 shares during the quarter. Osaic Holdings Inc.’s holdings in Cintas were worth $28,504,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WPG Advisers LLC purchased a new stake in Cintas in the 1st quarter worth approximately $27,000. Saudi Central Bank purchased a new stake in shares of Cintas in the first quarter worth $29,000. Barnes Dennig Private Wealth Management LLC boosted its stake in Cintas by 800.0% during 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 buying an additional 128 shares during the period. Golden State Wealth Management LLC grew its position 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 worth $36,000 after buying an additional 157 shares in the last quarter. Finally, Addison Advisors LLC grew its position in 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 buying an additional 61 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CTAS shares. Citigroup raised their price target on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. Royal Bank Of Canada dropped their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday, September 25th. Sanford C. Bernstein began coverage on shares of Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research report on Monday. Finally, JPMorgan Chase & Co. cut their target price 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. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $212.71.

Cintas Trading Down 0.4%

Shares of CTAS opened at $187.62 on Wednesday. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. The firm has a market cap of $75.40 billion, a price-to-earnings ratio of 42.54, a PEG ratio of 3.26 and a beta of 0.96. The firm has a 50 day moving average price of $186.66 and a 200-day moving average price of $205.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping 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 analysts’ expectations of $2.70 billion. During the same quarter last year, the company earned $1.10 EPS. 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, equities research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, November 14th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio is currently 40.82%.

Cintas announced that its Board of Directors has authorized a stock buyback plan on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is 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.