Alps Advisors Inc. Sells 29,957 Shares of Cintas Corporation $CTAS

Alps Advisors Inc. cut its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 67.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,468 shares of the business services provider’s stock after selling 29,957 shares during the period. Alps Advisors Inc.’s holdings in Cintas were worth $2,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CTAS. Barnes Dennig Private Wealth Management LLC boosted 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 acquiring an additional 128 shares during the last quarter. Alpine Bank Wealth Management lifted its stake in shares of Cintas by 1,092.9% in the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 153 shares during the period. WPG Advisers LLC lifted its stake in shares of Cintas by 90.0% in the 3rd 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. Golden State Wealth Management LLC boosted 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 worth $36,000 after purchasing an additional 157 shares during the last quarter. Finally, Addison Advisors LLC grew its stake 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 during the period. Institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CTAS shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a research note on Friday, December 19th. Morgan Stanley cut their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Robert W. Baird lifted their price objective on shares of Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Rothschild & Co Redburn set a $184.00 target price on shares of Cintas in a research note on Tuesday, November 11th. Finally, Citigroup reiterated a “sell” rating and issued a $181.00 target price (up from $176.00) on shares of Cintas in a report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $221.08.

Cintas Stock Performance

Shares of CTAS stock opened at $194.81 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The company’s 50 day moving average price is $189.95 and its two-hundred day moving average price is $196.89. The company has a market capitalization of $77.90 billion, a P/E ratio of 56.80, a price-to-earnings-growth ratio of 3.35 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 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, analysts expect 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 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 reacquire 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.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders 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 52.48%.

Cintas Company 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.