Virtue Capital Management LLC Decreases Stake in Cintas Corporation $CTAS

Virtue Capital Management LLC trimmed its position in Cintas Corporation (NASDAQ:CTAS) by 37.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,080 shares of the business services provider’s stock after selling 639 shares during the period. Virtue Capital Management LLC’s holdings in Cintas were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Level Four Advisory Services LLC purchased a new stake in Cintas during the 2nd quarter valued at about $214,000. Northwestern Mutual Wealth Management Co. boosted its position in Cintas by 4.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 29,706 shares of the business services provider’s stock valued at $6,621,000 after buying an additional 1,249 shares during the last quarter. Groupama Asset Managment purchased a new stake in Cintas in the second quarter valued at approximately $1,102,000. State Board of Administration of Florida Retirement System increased its holdings in Cintas by 1.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 346,832 shares of the business services provider’s stock worth $77,298,000 after buying an additional 4,350 shares during the period. Finally, Korea Investment CORP raised its position in Cintas by 13.6% during the 2nd quarter. Korea Investment CORP now owns 374,907 shares of the business services provider’s stock worth $83,556,000 after buying an additional 45,005 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CTAS shares. JPMorgan Chase & Co. cut their price objective on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Rothschild & Co Redburn raised Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target on the stock in a research report on Tuesday, November 11th. Sanford C. Bernstein initiated coverage on Cintas in a research note on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective for the company. Finally, Redburn Partners set a $184.00 target price on Cintas in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $212.71.

Cintas Trading Up 0.8%

Shares of Cintas stock opened at $186.10 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The firm has a market capitalization of $74.79 billion, a PE ratio of 42.20, a P/E/G ratio of 3.18 and a beta of 0.99. The firm’s 50-day moving average price is $190.60 and its 200 day moving average price is $208.24.

Cintas (NASDAQ:CTAS) last issued 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 firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the company posted $1.10 earnings per share. The business’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. On average, sell-side analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 14th will be paid a dividend of $0.45 per share. 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 dividend payout ratio is currently 40.82%.

Cintas declared that its board has authorized a share buyback program on Tuesday, October 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is 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.