Smith Shellnut Wilson LLC ADV Has $1.12 Million Stock Holdings in Cintas Corporation $CTAS

Smith Shellnut Wilson LLC ADV cut its stake in Cintas Corporation (NASDAQ:CTAS) by 15.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,028 shares of the business services provider’s stock after selling 884 shares during the period. Smith Shellnut Wilson LLC ADV’s holdings in Cintas were worth $1,121,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in Cintas in the 1st quarter valued at $27,000. Saudi Central Bank acquired a new position in Cintas in the 1st quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC raised its holdings in Cintas by 800.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 128 shares in the last quarter. Stone House Investment Management LLC acquired a new position in Cintas in the 1st quarter valued at $41,000. Finally, Resources Management Corp CT ADV acquired a new position in Cintas in the 1st quarter valued at $41,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Trading Down 0.4%

Shares of Cintas stock opened at $183.27 on Friday. The firm has a market capitalization of $73.65 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 3.18 and a beta of 1.01. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $198.73 and its 200 day moving average is $211.78. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the firm posted $1.10 EPS. The firm’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. Equities research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas declared that its Board of Directors has initiated a share repurchase program on Tuesday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Cintas Announces Dividend

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

Analyst Ratings Changes

Several brokerages have weighed in on CTAS. Royal Bank Of Canada dropped their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a report on Thursday, September 25th. Robert W. Baird lifted their price objective on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Morgan Stanley boosted their price target on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Citigroup raised their price objective on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. Finally, Wells Fargo & Company decreased their target price on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Cintas presently has an average rating of “Hold” and an average price target of $222.09.

Cintas 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.