CreativeOne Wealth LLC Sells 4,279 Shares of Cintas Corporation $CTAS

CreativeOne Wealth LLC trimmed its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 25.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,418 shares of the business services provider’s stock after selling 4,279 shares during the period. CreativeOne Wealth LLC’s holdings in Cintas were worth $2,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Cintas by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock valued at $7,994,594,000 after purchasing an additional 564,487 shares in the last quarter. State Street Corp boosted its stake in shares of Cintas by 0.5% during the second quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock valued at $3,369,391,000 after purchasing an additional 82,029 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Cintas by 3.5% during the second quarter. Geode Capital Management LLC now owns 9,192,013 shares of the business services provider’s stock valued at $2,049,017,000 after purchasing an additional 314,860 shares in the last quarter. Invesco Ltd. increased its holdings in Cintas by 11.2% during the second quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock valued at $1,094,596,000 after buying an additional 495,486 shares during the period. Finally, Norges Bank purchased a new position in Cintas during the second quarter valued at approximately $925,531,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of CTAS opened at $200.77 on Tuesday. The company has a 50 day moving average of $194.55 and a two-hundred day moving average of $193.71. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The company has a market cap of $80.29 billion, a price-to-earnings ratio of 58.53, a price-to-earnings-growth ratio of 3.67 and a beta of 0.95.

Cintas (NASDAQ:CTAS) last issued its quarterly 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. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on CTAS shares. UBS Group restated a “buy” rating on shares of Cintas in a report on Friday, December 19th. Robert W. Baird lifted their price target on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Argus raised Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Bank of America began coverage on Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price objective for the company. Finally, Citigroup reaffirmed a “sell” rating and set a $181.00 price objective (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $218.17.

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.