Cintas Corporation $CTAS Stake Raised by Wedbush Securities Inc.

Wedbush Securities Inc. lifted its holdings in Cintas Corporation (NASDAQ:CTAS) by 30.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,082 shares of the business services provider’s stock after purchasing an additional 2,600 shares during the quarter. Wedbush Securities Inc.’s holdings in Cintas were worth $2,275,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Barnes Dennig Private Wealth Management LLC raised its holdings 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 worth $32,000 after purchasing an additional 128 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Cintas by 3,925.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 157 shares during the period. Alpine Bank Wealth Management lifted its holdings in shares of Cintas by 1,092.9% in the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after buying an additional 153 shares during the period. Addison Advisors LLC boosted its stake 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 buying an additional 61 shares in the last quarter. Finally, WPG Advisers LLC boosted its stake 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 buying an additional 81 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CTAS shares. Morgan Stanley reduced 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. Robert W. Baird raised their target price on shares of Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Argus raised Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. UBS Group reissued a “buy” rating on shares of Cintas in a research note on Friday, December 19th. Finally, Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and lifted their target price for the stock from $205.00 to $245.00 in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $221.08.

Cintas Trading Down 2.1%

Shares of NASDAQ CTAS opened at $196.10 on Friday. The business has a 50 day simple moving average of $190.80 and a 200 day simple moving average of $196.74. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The stock has a market cap of $78.42 billion, a price-to-earnings ratio of 57.17, a PEG ratio of 3.43 and a beta of 0.95. 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 (NASDAQ:CTAS) last posted its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the company earned $1.09 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas’s payout ratio is 52.48%.

Cintas declared that its board has approved a stock repurchase plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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.