Mesirow Financial Investment Management Inc. Sells 920 Shares of Cintas Corporation $CTAS

Mesirow Financial Investment Management Inc. cut its holdings in Cintas Corporation (NASDAQ:CTAS) by 31.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,032 shares of the business services provider’s stock after selling 920 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Cintas were worth $453,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CTAS. WPG Advisers LLC bought a new position in shares of Cintas during the 1st quarter valued at approximately $27,000. Saudi Central Bank bought a new position in Cintas during the first quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC increased its position 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 valued at $32,000 after acquiring an additional 128 shares during the last quarter. Stone House Investment Management LLC bought a new position in Cintas during the first quarter valued at $41,000. Finally, Resources Management Corp CT ADV bought a new position in Cintas during the first quarter valued at $41,000. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Down 0.4%

Shares of NASDAQ:CTAS opened at $183.27 on Friday. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The stock has a market cap of $73.65 billion, a P/E ratio of 41.56, a price-to-earnings-growth ratio of 3.18 and a beta of 1.01. The business’s 50 day moving average is $198.73 and its 200 day moving average is $211.78. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51.

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

Cintas declared that its board has initiated a share buyback plan on Tuesday, October 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, November 14th. Cintas’s dividend payout ratio is presently 40.82%.

Analyst Upgrades and Downgrades

CTAS has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. Morgan Stanley upped their target price on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Citigroup upped their target price on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. Royal Bank Of Canada cut their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 25th. Finally, Wells Fargo & Company cut their price objective on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $222.09.

Cintas Company 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.