Prospera Financial Services Inc Sells 22,638 Shares of Cintas Corporation $CTAS

Prospera Financial Services Inc lessened its stake in Cintas Corporation (NASDAQ:CTAS) by 58.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,364 shares of the business services provider’s stock after selling 22,638 shares during the quarter. Prospera Financial Services Inc’s holdings in Cintas were worth $3,359,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CTAS. Barnes Dennig Private Wealth Management LLC grew its position in shares of Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after buying an additional 128 shares during the period. Golden State Wealth Management LLC raised its position in shares of Cintas by 3,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 157 shares during the period. Alpine Bank Wealth Management boosted its stake in Cintas by 1,092.9% during the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after acquiring an additional 153 shares during the last quarter. Addison Advisors LLC grew its holdings in Cintas by 57.0% during the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 61 shares during the period. Finally, WPG Advisers LLC grew its holdings in Cintas by 90.0% during the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Up 0.5%

CTAS opened at $200.36 on Thursday. The stock has a market capitalization of $80.12 billion, a P/E ratio of 58.41, a P/E/G ratio of 3.41 and a beta of 0.95. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24. The firm’s fifty day simple moving average is $190.56 and its 200 day simple moving average is $196.74. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be paid a $0.45 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas’s payout ratio is presently 52.48%.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and increased their target price for the stock from $205.00 to $245.00 in a report on Wednesday, January 14th. Morgan Stanley lowered their price objective on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Rothschild & Co Redburn set a $184.00 target price on Cintas in a report on Tuesday, November 11th. UBS Group reissued a “buy” rating on shares of Cintas in a research note on Friday, December 19th. Finally, Sanford C. Bernstein initiated coverage on Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cintas presently has an average rating of “Moderate Buy” and a consensus target price of $221.08.

Cintas Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.