Partners Wealth Management LLC Purchases 2,433 Shares of Cintas Corporation $CTAS

Partners Wealth Management LLC purchased a new position in Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,433 shares of the business services provider’s stock, valued at approximately $475,000.

A number of other large investors have also modified their holdings of CTAS. Whipplewood Advisors LLC boosted its holdings in Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 137 shares during the period. Meeder Asset Management Inc. purchased a new stake in Cintas during the 2nd quarter worth about $27,000. Archer Investment Corp purchased a new stake in Cintas during the 1st quarter worth about $32,000. Highland Investment Advisors LLC purchased a new stake in Cintas during the 2nd quarter worth about $32,000. Finally, Steigerwald Gordon & Koch Inc. increased its holdings in Cintas by 308.2% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 200 shares of the business services provider’s stock worth $34,000 after purchasing an additional 151 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Cintas stock opened at $219.82 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $204.45 and a 200-day simple moving average of $190.50. The stock has a market cap of $87.29 billion, a P/E ratio of 43.36, a price-to-earnings-growth ratio of 3.49 and a beta of 0.92. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $226.68.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. Cintas’s revenue for the quarter was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Equities analysts expect that Cintas Corporation will post 5.53 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 13th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Cintas’s dividend payout ratio is currently 41.03%.

Analysts Set New Price Targets

A number of research firms have issued reports on CTAS. Truist Financial increased their price target on Cintas from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Wells Fargo & Company reissued an “overweight” rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Jefferies Financial Group boosted their price objective on Cintas from $200.00 to $210.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Bank of America restated a “buy” rating and set a $232.00 target price on shares of Cintas in a research note on Thursday. Finally, Argus raised their target price on shares of Cintas from $230.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, September 29th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Cintas has an average rating of “Moderate Buy” and a consensus price target of $218.62.

Key Cintas News

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: A report that the Federal Trade Commission has not indicated it will block the UniFirst transaction narrowed the deal spread and reduced near-term fears of a failed acquisition. The deal could expand Cintas’s scale and market position if completed. UniFirst/Cintas spread narrows on report FTC hasn’t indicated it will block deal
• Positive Sentiment: Investor letters cited solid earnings, operational execution and record fourth-quarter margins, alongside a higher outlook. Cintas previously exceeded quarterly EPS and revenue expectations, with revenue up 10.9% year over year, reinforcing confidence in demand and profitability. Cintas Corporation Gains as Record Q4 Margins Fuel Guidance Increase
• Positive Sentiment: The board approved a quarterly dividend of $0.52 per share, supporting Cintas’s shareholder-return profile. Cintas approves dividend
• Neutral Sentiment: Shareholders approved Cintas’s reincorporation proposal and board slate, removing a governance-related uncertainty but offering limited immediate earnings impact. Cintas Shareholders Approve Reincorporation and Board Slate
• Negative Sentiment: The FTC may still sue to block the UniFirst deal. A failed transaction could require Cintas to pay a $350 million termination fee and eliminate the anticipated strategic benefits. FTC Puts a Wrinkle in the Cintas and UniFirst Merger

About Cintas

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.