Cintas Corporation $CTAS Shares Sold by Virtue Capital Management LLC

Virtue Capital Management LLC cut its position in shares of Cintas Corporation (NASDAQ:CTAS) by 37.2% during the second quarter, Holdings Channel.com reports. The firm owned 1,080 shares of the business services provider’s stock after selling 639 shares during the quarter. Virtue Capital Management LLC’s holdings in Cintas were worth $241,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Focus Partners Wealth boosted its position in shares of Cintas by 16.5% in the first quarter. Focus Partners Wealth now owns 25,040 shares of the business services provider’s stock worth $5,147,000 after acquiring an additional 3,554 shares during the last quarter. BNP Paribas Financial Markets increased its position in Cintas by 25.5% during the first quarter. BNP Paribas Financial Markets now owns 791,197 shares of the business services provider’s stock worth $162,615,000 after purchasing an additional 160,820 shares during the last quarter. Merit Financial Group LLC raised its stake in Cintas by 11.2% during the second quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock worth $3,225,000 after purchasing an additional 1,459 shares during the period. Axiom Investors LLC DE increased its holdings in shares of Cintas by 16.2% during the 1st quarter. Axiom Investors LLC DE now owns 1,058,843 shares of the business services provider’s stock worth $217,624,000 after buying an additional 147,851 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of Cintas by 9.8% during the 1st quarter. Comerica Bank now owns 91,991 shares of the business services provider’s stock worth $18,907,000 after buying an additional 8,215 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Redburn Partners set a $184.00 target price on Cintas in a report on Tuesday, November 11th. Sanford C. Bernstein initiated coverage on Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a research report on Tuesday. Wells Fargo & Company reaffirmed a “cautious” rating and set a $185.00 price target (down from $218.00) on shares of Cintas in a research report on Tuesday. Finally, Rothschild & Co Redburn raised shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective for the company in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $212.71.

Cintas Stock Performance

Shares of CTAS stock opened at $186.10 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The company’s fifty day moving average price is $190.60 and its two-hundred day moving average price is $208.24. The firm has a market capitalization of $74.79 billion, a P/E ratio of 42.20, a P/E/G ratio of 3.18 and a beta of 0.99. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the firm 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. On average, research analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas announced that its Board of Directors has authorized a stock buyback plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, November 14th. Cintas’s dividend payout ratio is 40.82%.

Cintas Company 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.