Prana Capital Management LP Purchases Shares of 69,725 Cintas Corporation $CTAS

Prana Capital Management LP purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 69,725 shares of the business services provider’s stock, valued at approximately $14,312,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CTAS. Triumph Capital Management bought a new stake in shares of Cintas during the 3rd quarter worth $29,000. Alpine Bank Wealth Management boosted 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 acquiring an additional 153 shares during the period. WPG Advisers LLC increased its stake in shares of Cintas by 90.0% in the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after purchasing an additional 81 shares during the period. Salomon & Ludwin LLC lifted 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 worth $37,000 after purchasing an additional 84 shares during the last quarter. Finally, Evolution Wealth Management Inc. bought a new stake in Cintas during the 2nd quarter valued at approximately $45,000. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 0.1%

CTAS stock opened at $192.84 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The company has a market cap of $77.11 billion, a P/E ratio of 56.22, a PEG ratio of 3.47 and a beta of 0.95. The business has a fifty day moving average of $195.42 and a 200-day moving average of $192.97.

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

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, February 13th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas’s payout ratio is currently 52.48%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CTAS. Bank of America initiated coverage on shares of Cintas in a research report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 target price on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research report on Friday, December 19th. Argus upgraded shares of Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Citigroup reaffirmed a “sell” rating and set a $181.00 price objective (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Finally, Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and lifted their target price for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Cintas has an average rating of “Moderate Buy” and a consensus target price of $220.25.

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.