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

CIBC Private Wealth Group LLC reduced its stake in Cintas Corporation (NASDAQ:CTAS) by 0.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 886,708 shares of the business services provider’s stock after selling 6,116 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Cintas were worth $182,006,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after buying an additional 108 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Cintas by 42.3% during the second quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after acquiring an additional 428 shares in the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of Cintas by 16.9% during the second quarter. Meridian Wealth Management LLC now owns 2,348 shares of the business services provider’s stock valued at $523,000 after acquiring an additional 339 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of Cintas by 7.5% during the second quarter. Avantax Advisory Services Inc. now owns 26,451 shares of the business services provider’s stock valued at $5,895,000 after acquiring an additional 1,839 shares during the period. Finally, Kingsview Wealth Management LLC boosted its stake in shares of Cintas by 4.4% in the 2nd quarter. Kingsview Wealth Management LLC now owns 2,840 shares of the business services provider’s stock valued at $633,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

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

Cintas Stock Up 0.1%

Shares of NASDAQ:CTAS opened at $192.84 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. The stock has a market cap of $77.11 billion, a price-to-earnings ratio of 56.22, a P/E/G ratio of 3.47 and a beta of 0.95. The company has a 50 day moving average of $195.42 and a 200-day moving average of $192.97. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the business posted $1.09 earnings per share. Cintas’s 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. On average, sell-side analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, February 13th. Cintas’s dividend payout ratio (DPR) is currently 52.48%.

About Cintas

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.