M Holdings Securities Inc. Buys New Shares in Cintas Corporation $CTAS

M Holdings Securities Inc. bought a new stake in Cintas Corporation (NASDAQ:CTAS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,528 shares of the business services provider’s stock, valued at approximately $1,097,000.

A number of other large investors have also recently bought and sold shares of CTAS. Brighton Jones LLC boosted its holdings in Cintas by 3.0% during the third quarter. Brighton Jones LLC now owns 4,528 shares of the business services provider’s stock worth $883,000 after purchasing an additional 131 shares during the last quarter. Chapman Investment Management LLC increased its stake in Cintas by 199.8% in the 3rd quarter. Chapman Investment Management LLC now owns 27,165 shares of the business services provider’s stock valued at $5,299,000 after buying an additional 54,385 shares during the last quarter. StoneX Group Inc. lifted its position in Cintas by 44.2% during the 3rd quarter. StoneX Group Inc. now owns 1,999 shares of the business services provider’s stock worth $393,000 after buying an additional 613 shares in the last quarter. Investment Management Corp VA ADV lifted its position in Cintas by 9.5% during the 3rd quarter. Investment Management Corp VA ADV now owns 3,415 shares of the business services provider’s stock worth $666,000 after buying an additional 295 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in Cintas by 0.9% during the 3rd quarter. Parallel Advisors LLC now owns 7,090 shares of the business services provider’s stock worth $1,383,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Up 0.4%

CTAS stock opened at $223.16 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29. The company has a fifty day moving average price of $206.84 and a two-hundred day moving average price of $191.42. Cintas Corporation has a one year low of $161.16 and a one year high of $233.46. The stock has a market cap of $88.61 billion, a price-to-earnings ratio of 44.65, a price-to-earnings-growth ratio of 3.63 and a beta of 0.86.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business earned $1.20 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Equities analysts anticipate that Cintas Corporation will post 5.53 EPS for the current year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 13th will be given a dividend of $0.52 per share. The ex-dividend date is Friday, November 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is currently 41.03%.

Analyst Upgrades and Downgrades

CTAS has been the subject of several analyst reports. Robert W. Baird set a $222.00 price objective on Cintas and gave the company an “outperform” rating in a report on Thursday, September 24th. Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Rothschild & Co Redburn upped their target price on Cintas from $184.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Citigroup increased their price target on Cintas from $180.00 to $181.00 and gave the company a “sell” rating in a research report on Wednesday, September 30th. Finally, Jefferies Financial Group raised their price target on Cintas from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $218.62.

About Cintas

Cintas Corporation provides workplace products and services to businesses, primarily in North America. Its offerings include uniform rental and sales, workwear, and related services such as laundering and maintaining uniforms.

The company also supplies facility services, including restroom and floor products, and provides first aid and safety products and services. Its fire protection business offers services such as inspecting and maintaining fire extinguishers and other safety equipment.

Cintas traces its roots to Acme Industrial Laundry, a family business established in 1929.