Wealthfront Advisers LLC Has $10.41 Million Stake in Cintas Corporation $CTAS

Wealthfront Advisers LLC boosted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 4.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 46,716 shares of the business services provider’s stock after purchasing an additional 2,158 shares during the quarter. Wealthfront Advisers LLC’s holdings in Cintas were worth $10,412,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Alpha Financial Partners LLC raised its stake in Cintas by 2.9% during the second quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock worth $357,000 after acquiring an additional 45 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in Cintas by 3.9% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock worth $258,000 after acquiring an additional 47 shares in the last quarter. Oarsman Capital Inc. raised its stake in Cintas by 3.9% during the first quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock worth $272,000 after acquiring an additional 49 shares in the last quarter. Independent Wealth Network Inc. raised its stake in Cintas by 4.8% during the second quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock worth $240,000 after acquiring an additional 49 shares in the last quarter. Finally, PDS Planning Inc raised its stake in Cintas by 2.0% during the second quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock worth $559,000 after acquiring an additional 49 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the transaction, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.90% of the company’s stock.

Cintas Price Performance

Shares of CTAS stock opened at $190.83 on Monday. The stock has a 50-day moving average price of $201.72 and a 200 day moving average price of $212.49. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The firm has a market cap of $76.69 billion, a price-to-earnings ratio of 43.27, a PEG ratio of 3.30 and a beta of 1.01. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 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 during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company earned $1.10 earnings per share. The company’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. Research analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. This is an increase from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. Cintas’s dividend payout ratio (DPR) is 40.82%.

Analyst Ratings Changes

CTAS has been the subject of a number of research reports. The Goldman Sachs Group raised their target price on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Morgan Stanley raised their target price on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Royal Bank Of Canada lowered their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research note on Thursday, September 25th. UBS Group raised their target price on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Finally, Citigroup raised their target price on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $222.09.

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.