Wedbush Securities Inc. Increases Stock Position in Cintas Corporation $CTAS

Wedbush Securities Inc. grew its holdings in Cintas Corporation (NASDAQ:CTAS) by 30.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 11,082 shares of the business services provider’s stock after buying an additional 2,600 shares during the period. Wedbush Securities Inc.’s holdings in Cintas were worth $2,275,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CTAS. Varma Mutual Pension Insurance Co raised its stake in shares of Cintas by 15.0% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 67,556 shares of the business services provider’s stock worth $13,867,000 after buying an additional 8,800 shares in the last quarter. PFG Private Wealth Management LLC purchased a new position in Cintas in the third quarter worth $280,000. Cibc World Market Inc. raised its position in Cintas by 33.3% in the third quarter. Cibc World Market Inc. now owns 33,433 shares of the business services provider’s stock worth $6,862,000 after acquiring an additional 8,346 shares in the last quarter. Caprock Group LLC acquired a new stake in Cintas in the third quarter valued at $11,363,000. Finally, ING Groep NV boosted its position in shares of Cintas by 135.7% during the 3rd quarter. ING Groep NV now owns 376,396 shares of the business services provider’s stock worth $77,259,000 after purchasing an additional 216,731 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Down 2.1%

CTAS stock opened at $196.10 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The company has a market cap of $78.42 billion, a price-to-earnings ratio of 57.17, a PEG ratio of 3.43 and a beta of 0.95. The business has a fifty day simple moving average of $190.80 and a 200-day simple moving average of $196.74. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24.

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

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, February 13th. Cintas’s payout ratio is 52.48%.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Sanford C. Bernstein assumed coverage on Cintas in a research note on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price target on the stock. Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and boosted their target price for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. Argus raised Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Rothschild & Co Redburn set a $184.00 price target on Cintas in a research note on Tuesday, November 11th. Finally, Robert W. Baird boosted their price objective on shares of Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cintas presently has an average rating of “Moderate Buy” and an average target price of $221.08.

Cintas Company 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.