Stratos Wealth Partners LTD. Sells 304 Shares of Cintas Corporation $CTAS

Stratos Wealth Partners LTD. reduced its stake in Cintas Corporation (NASDAQ:CTAS) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,084 shares of the business services provider’s stock after selling 304 shares during the period. Stratos Wealth Partners LTD.’s holdings in Cintas were worth $8,934,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Angeles Wealth Management LLC boosted its position in shares of Cintas by 13.1% in the 2nd quarter. Angeles Wealth Management LLC now owns 9,147 shares of the business services provider’s stock worth $2,039,000 after purchasing an additional 1,062 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its position in shares of Cintas by 2.7% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 13,380 shares of the business services provider’s stock worth $2,982,000 after purchasing an additional 355 shares during the last quarter. Werba Rubin Papier Wealth Management bought a new position in shares of Cintas in the 2nd quarter worth $420,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Cintas in the 2nd quarter worth $346,000. Finally, Alta Capital Management LLC boosted its position in shares of Cintas by 6.0% in the 2nd quarter. Alta Capital Management LLC now owns 77,033 shares of the business services provider’s stock worth $17,169,000 after purchasing an additional 4,336 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

CTAS opened at $188.10 on Friday. The business’s 50-day moving average price is $204.61 and its two-hundred day moving average price is $212.41. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The company has a market capitalization of $75.59 billion, a price-to-earnings ratio of 42.65, a P/E/G ratio of 3.19 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the business posted $1.10 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Equities analysts expect that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. This is a positive change from Cintas’s previous quarterly dividend of $0.39. Cintas’s dividend payout ratio (DPR) is 40.82%.

Analysts Set New Price Targets

CTAS has been the topic of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their target price on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Citigroup lifted their target price on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. JPMorgan Chase & Co. reduced their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Finally, Morgan Stanley lifted their target price on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $222.09.

Insider Buying and Selling at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total value of $1,136,121.48. Following the sale, the director owned 21,945 shares of the company’s stock, valued at $4,904,049.15. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Martin Mucci purchased 1,200 shares of the company’s stock in a transaction on Monday, July 21st. The stock was purchased at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the purchase, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 14.90% of the company’s stock.

Cintas Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.