Milestone Asset Management LLC Purchases 18,344 Shares of Cintas Corporation $CTAS

Milestone Asset Management LLC boosted its position in Cintas Corporation (NASDAQ:CTAS) by 807.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,616 shares of the business services provider’s stock after purchasing an additional 18,344 shares during the period. Cintas comprises 1.0% of Milestone Asset Management LLC’s investment portfolio, making the stock its 24th biggest position. Milestone Asset Management LLC’s holdings in Cintas were worth $4,595,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes 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 shares of Cintas during the 1st quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC grew its position in shares of Cintas by 800.0% during the 2nd 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 period. Stone House Investment Management LLC bought a new position in shares of Cintas during the 1st quarter valued at approximately $41,000. Finally, Resources Management Corp CT ADV bought a new position in shares of Cintas during the 1st quarter valued at approximately $41,000. 63.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CTAS shares. Citigroup increased their target price on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. Wells Fargo & Company dropped their price target on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Royal Bank Of Canada dropped their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings restated a “buy (b)” rating on shares of Cintas in a research note on Wednesday, October 8th. Finally, UBS Group upped their price target on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $222.09.

Cintas Price Performance

CTAS stock opened at $182.04 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The firm’s fifty day moving average is $198.13 and its 200 day moving average is $211.67. The firm has a market cap of $73.16 billion, a P/E ratio of 41.28, a P/E/G ratio of 3.18 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last announced 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 net margin of 17.54% and a return on equity of 40.41%. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm earned $1.10 EPS. The company’s revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, November 14th. Cintas’s dividend payout ratio is currently 40.82%.

Cintas announced that its board has authorized a share repurchase plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

About Cintas

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.