HWG Holdings LP Sells 12,371 Shares of Cintas Corporation $CTAS

HWG Holdings LP lessened its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 65.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,516 shares of the business services provider’s stock after selling 12,371 shares during the period. HWG Holdings LP’s holdings in Cintas were worth $1,337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. WPG Advisers LLC bought a new stake in Cintas during the first quarter worth about $27,000. Saudi Central Bank purchased a new position in shares of Cintas during the first quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC boosted its position in shares of 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 worth $32,000 after purchasing an additional 128 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Cintas by 3,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after buying an additional 157 shares during the last quarter. Finally, Addison Advisors LLC grew its stake in shares of Cintas by 57.0% in the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after buying an additional 61 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CTAS shares. JPMorgan Chase & Co. dropped their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Citigroup reaffirmed a “sell” rating and issued a $181.00 price target (up previously from $176.00) on shares of Cintas in a research report on Monday. UBS Group reissued a “buy” rating on shares of Cintas in a research report on Friday. Sanford C. Bernstein began coverage on shares of Cintas in a report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 target price for the company. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price target on shares of Cintas in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $212.00.

Cintas Price Performance

CTAS opened at $191.99 on Tuesday. The company’s 50-day simple moving average is $186.47 and its two-hundred day simple moving average is $203.99. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24. The stock has a market capitalization of $77.16 billion, a P/E ratio of 58.00, a P/E/G ratio of 3.23 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data 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. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s payout ratio is presently 54.38%.

Cintas declared that its Board of Directors has initiated a stock repurchase program 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 repurchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.