Alta Capital Management LLC Sells 4,440 Shares of Cintas Corporation $CTAS

by · The Cerbat Gem

Alta Capital Management LLC lessened its stake in shares of Cintas Corporation (NASDAQ:CTAS – Free Report) by 5.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,593 shares of the business services provider’s stock after selling 4,440 shares during the period. Alta Capital Management LLC’s holdings in Cintas were worth $14,901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTAS. Alpha Financial Partners LLC lifted its holdings in shares of Cintas by 2.9% in the second quarter. Alpha Financial Partners LLC now owns 1,602 shares of the business services provider’s stock worth $357,000 after buying an additional 45 shares in the last quarter. Portside Wealth Group LLC increased its holdings in Cintas by 3.5% during the 2nd quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock worth $303,000 after acquiring an additional 46 shares during the period. Elyxium Wealth LLC lifted its stake in Cintas by 3.8% in the 2nd quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock worth $295,000 after purchasing an additional 48 shares in the last quarter. PDS Planning Inc lifted its stake in Cintas by 2.0% in the 2nd quarter. PDS Planning Inc now owns 2,508 shares of the business services provider’s stock worth $559,000 after purchasing an additional 49 shares in the last quarter. Finally, Copperwynd Financial LLC boosted its holdings in Cintas by 4.0% in the 2nd quarter. Copperwynd Financial LLC now owns 1,306 shares of the business services provider’s stock valued at $291,000 after purchasing an additional 50 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CTAS shares. Rothschild & Co Redburn raised Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective for the company in a research note on Tuesday, November 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a report on Friday, December 19th. Argus raised Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. Finally, Citigroup reissued a “sell” rating and issued a $181.00 price target (up previously from $176.00) on shares of Cintas in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cintas currently has an average rating of “Hold” and an average target price of $214.86.

Read Our Latest Stock Analysis on Cintas

Cintas Stock Performance

Cintas stock opened at $190.73 on Wednesday. The firm has a fifty day simple moving average of $189.21 and a two-hundred day simple moving average of $197.65. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The company has a market capitalization of $76.27 billion, a PE ratio of 55.61, a P/E/G ratio of 3.27 and a beta of 0.95.

Cintas (NASDAQ:CTAS – Get Free Report) last released its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Research analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, February 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is currently 52.48%.

Cintas declared that its board has initiated a share repurchase plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Cintas Profile

(Free Report)

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.

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