GPS Wealth Strategies Group LLC Sells 317 Shares of Cintas Corporation $CTAS

GPS Wealth Strategies Group LLC lessened its holdings in Cintas Corporation (NASDAQ:CTAS) by 12.4% during the second quarter, Holdings Channel reports. The fund owned 2,236 shares of the business services provider’s stock after selling 317 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Cintas were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CTAS. Alpha Financial Partners LLC grew its stake in shares of Cintas by 2.9% during the second quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock worth $357,000 after buying an additional 45 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Cintas by 3.9% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock worth $258,000 after purchasing an additional 47 shares in the last quarter. Elyxium Wealth LLC lifted its holdings in shares of Cintas by 3.8% in the 2nd quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock worth $295,000 after purchasing an additional 48 shares in the last quarter. Oarsman Capital Inc. grew its holdings in Cintas by 3.9% during the first quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock worth $272,000 after buying an additional 49 shares in the last quarter. Finally, Independent Wealth Network Inc. grew its holdings in Cintas by 4.8% during the second quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock worth $240,000 after buying an additional 49 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.9%

CTAS stock opened at $185.81 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The company has a market capitalization of $74.67 billion, a P/E ratio of 42.13, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. The firm’s fifty day simple moving average is $197.01 and its 200-day simple moving average is $211.33. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24.

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

Cintas Announces Dividend

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

Cintas announced that its board has authorized a stock buyback 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 purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of analyst reports. UBS Group boosted their target price on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. Citigroup raised their target price on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. Robert W. Baird raised their price objective on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Finally, Royal Bank Of Canada lowered 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. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat, Cintas presently has an average rating of “Hold” and a consensus target price of $222.09.

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.