Shelton Capital Management Lowers Stake in Cintas Corporation $CTAS

Shelton Capital Management decreased its position in Cintas Corporation (NASDAQ:CTAS) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,009 shares of the business services provider’s stock after selling 339 shares during the quarter. Shelton Capital Management’s holdings in Cintas were worth $11,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of Cintas in the 1st quarter valued at $27,000. Saudi Central Bank purchased a new position in Cintas in the first quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC grew its stake in 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 worth $32,000 after purchasing an additional 128 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in Cintas by 3,925.0% during the 2nd 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. Finally, Addison Advisors LLC raised its position in Cintas by 57.0% in the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 61 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CTAS has been the subject of a number of analyst reports. Rothschild Redb raised Cintas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Citigroup boosted their price target on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. Wells Fargo & Company restated a “cautious” rating and issued a $185.00 price objective (down from $218.00) on shares of Cintas in a report on Tuesday, November 25th. Redburn Partners set a $184.00 price objective on shares of Cintas in a research report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $212.71.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $186.10 on Monday. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24. 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. 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 200 day moving average price is $208.19.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the company posted $1.10 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, sell-side analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

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

Cintas announced that its board 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 purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.