Cintas Corporation $CTAS Shares Sold by Thurston Springer Miller Herd & Titak Inc.

by · The Cerbat Gem

Thurston Springer Miller Herd & Titak Inc. reduced its stake in shares of Cintas Corporation (NASDAQ:CTAS – Free Report) by 93.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,998 shares of the business services provider’s stock after selling 26,936 shares during the quarter. Cintas accounts for approximately 0.8% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 17th largest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Cintas were worth $410,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in shares of Cintas during the first quarter valued at approximately $27,000. Saudi Central Bank purchased a new position in shares of Cintas in the first quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Cintas by 800.0% during 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 purchasing an additional 128 shares in the last quarter. Golden State Wealth Management LLC increased its stake in Cintas by 3,925.0% during 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 period. Finally, Addison Advisors LLC lifted its holdings in 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 in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on CTAS shares. Royal Bank Of Canada dropped their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 25th. Rothschild Redb raised Cintas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. reduced their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research note on Monday. Finally, Sanford C. Bernstein started coverage on shares of Cintas in a research note on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Cintas has a consensus rating of “Hold” and an average target price of $212.71.

Check Out Our Latest Stock Analysis on Cintas

Cintas Stock Performance

Cintas stock opened at $187.62 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24. The company has a fifty day moving average price of $186.66 and a two-hundred day moving average price of $205.06. The company has a market cap of $75.40 billion, a PE ratio of 42.54, a P/E/G ratio of 3.26 and a beta of 0.96.

Cintas (NASDAQ:CTAS – Get Free Report) last posted its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 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 business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business posted $1.10 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Research analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

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

Cintas announced that its Board of Directors has authorized a share repurchase program on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Cintas Profile

(Free Report)

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.

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