Cintas Corporation $CTAS Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 31.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,240 shares of the business services provider’s stock after buying an additional 5,135 shares during the quarter. Quadrant Capital Group LLC’s holdings in Cintas were worth $4,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC boosted its stake in Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after purchasing an additional 108 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Cintas by 2.1% in the first quarter. Assetmark Inc. now owns 9,115 shares of the business services provider’s stock worth $1,873,000 after buying an additional 187 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Cintas by 4.2% during the first quarter. LPL Financial LLC now owns 332,615 shares of the business services provider’s stock worth $68,362,000 after buying an additional 13,356 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Cintas by 29.6% during the first quarter. Mackenzie Financial Corp now owns 47,976 shares of the business services provider’s stock valued at $9,861,000 after buying an additional 10,949 shares during the last quarter. Finally, Foundations Investment Advisors LLC acquired a new position in shares of Cintas in the 1st quarter valued at $235,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Royal Bank Of Canada lowered their price target on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research report on Tuesday. Rothschild & Co Redburn upgraded shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective for the company in a research note on Tuesday, November 11th. Wells Fargo & Company reiterated a “cautious” rating and issued a $185.00 price objective (down previously from $218.00) on shares of Cintas in a research note on Tuesday. Finally, Citigroup boosted 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. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and a consensus target price of $212.71.

Cintas Stock Up 0.5%

CTAS opened at $184.60 on Thursday. The company has a fifty day moving average of $191.18 and a two-hundred day moving average of $208.67. The stock has a market capitalization of $74.18 billion, a price-to-earnings ratio of 41.86, a PEG ratio of 3.18 and a beta of 0.99. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. 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 (NASDAQ:CTAS) last announced its quarterly 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. 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%.Cintas’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, research analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

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

Cintas announced that its board has approved a share repurchase program on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

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.