CIBC Private Wealth Group LLC Has $182.01 Million Stake in Cintas Corporation $CTAS

CIBC Private Wealth Group LLC reduced its stake in Cintas Corporation (NASDAQ:CTAS) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 886,708 shares of the business services provider’s stock after selling 6,116 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.22% of Cintas worth $182,006,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Triumph Capital Management acquired a new stake in shares of Cintas in the third quarter worth $29,000. Alpine Bank Wealth Management grew its stake in Cintas by 1,092.9% in the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after buying an additional 153 shares during the last quarter. WPG Advisers LLC grew its stake in Cintas by 90.0% in the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after buying an additional 81 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in Cintas by 84.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock worth $37,000 after acquiring an additional 84 shares during the period. Finally, Evolution Wealth Management Inc. bought a new position in Cintas in the 2nd quarter worth $45,000. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Bank of America assumed coverage on shares of Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target for the company. Citigroup reiterated a “sell” rating and issued a $181.00 price objective (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and boosted their price objective for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. Robert W. Baird upgraded Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price for the company in a research note on Wednesday, March 11th. Finally, Morgan Stanley lowered their target price on Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $220.25.

Cintas Stock Performance

CTAS opened at $192.84 on Wednesday. The stock has a market cap of $77.11 billion, a PE ratio of 56.22, a P/E/G ratio of 3.47 and a beta of 0.95. 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 Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The stock’s 50 day simple moving average is $195.42 and its 200-day simple moving average is $192.97.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the business earned $1.09 earnings per share. Cintas’s quarterly revenue was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Sell-side analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, February 13th. Cintas’s dividend payout ratio (DPR) is presently 52.48%.

Cintas Profile

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.