Sequoia Financial Advisors LLC Lowers Position in Cintas Corporation $CTAS

Sequoia Financial Advisors LLC lessened its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 28.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 10,943 shares of the business services provider’s stock after selling 4,344 shares during the period. Sequoia Financial Advisors LLC’s holdings in Cintas were worth $2,246,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC grew its stake 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. Alpine Bank Wealth Management lifted its holdings in Cintas by 1,092.9% during the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 153 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of Cintas by 3,925.0% in the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after purchasing an additional 157 shares during the period. Addison Advisors LLC increased its stake in shares of Cintas by 57.0% in the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after purchasing an additional 61 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its position in shares of Cintas by 84.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 84 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

NASDAQ:CTAS opened at $195.41 on Thursday. The business’s 50-day moving average is $187.96 and its 200 day moving average is $199.39. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24. The company has a market capitalization of $78.14 billion, a P/E ratio of 56.97, a P/E/G ratio of 3.32 and a beta of 0.97. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, equities research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas’s dividend payout ratio is presently 52.48%.

Cintas announced that its board has authorized a share repurchase 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 repurchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

CTAS has been the subject of several recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Friday, December 19th. Sanford C. Bernstein began coverage on Cintas in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price objective for the company. Robert W. Baird increased their target price on Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Citigroup reissued a “sell” rating and issued a $181.00 price target (up from $176.00) on shares of Cintas in a report on Monday, December 22nd. Finally, Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $214.86.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.