Chancellor Financial Group WB LP Makes New $212,000 Investment in Cintas Corporation $CTAS

Chancellor Financial Group WB LP purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 952 shares of the business services provider’s stock, valued at approximately $212,000.

A number of other large investors also recently bought and sold shares of CTAS. WPG Advisers LLC purchased a new stake in Cintas in the first quarter worth $27,000. Saudi Central Bank bought a new position in shares of Cintas in the first quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Cintas by 800.0% in 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 during the last quarter. Golden State Wealth Management LLC increased its stake in Cintas by 3,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after buying an additional 157 shares during the period. Finally, Stone House Investment Management LLC purchased a new position in Cintas in the 1st quarter worth about $41,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.1%

Cintas stock opened at $185.07 on Friday. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The firm has a market cap of $74.37 billion, a P/E ratio of 41.97, a P/E/G ratio of 3.18 and a beta of 0.99. The business has a fifty day moving average of $196.04 and a two-hundred day moving average of $211.04. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24.

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

Cintas Dividend Announcement

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

Cintas declared that its Board of Directors has initiated a share repurchase program 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 reacquire up to 1.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have issued reports on CTAS. Weiss Ratings reissued a “buy (b)” rating on shares of Cintas in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Morgan Stanley raised their price objective on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Robert W. Baird lifted their target price on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company lowered their target price on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.