Cintas Corporation $CTAS Shares Acquired by B. Riley Wealth Advisors Inc.

Key Points

• B. Riley Wealth Advisors increased its Cintas stake by 470.4% in the third quarter, bringing its holdings to 7,547 shares valued at approximately $1.47 million. Institutional investors collectively own 63.46% of CTAS.
• Cintas reported quarterly earnings of $1.39 per share, beating estimates by $0.04, while revenue rose 10.9% year over year to $3.01 billion. The company issued fiscal 2027 EPS guidance of $5.45–$5.54.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $218.50, compared with the stock’s opening price of $208.63. Cintas also raised its quarterly dividend to $0.52 per share, equivalent to a 1.0% annual yield.

B. Riley Wealth Advisors Inc. raised its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 470.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,547 shares of the business services provider's stock after purchasing an additional 6,224 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Cintas were worth $1,472,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CTAS. Whipplewood Advisors LLC grew its stake in Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock worth $25,000 after purchasing an additional 137 shares in the last quarter. First United Bank & Trust bought a new stake in shares of Cintas in the 1st quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new stake in shares of Cintas in the 2nd quarter valued at approximately $27,000. Archer Investment Corp acquired a new position in Cintas in the first quarter worth $32,000. Finally, Highland Investment Advisors LLC acquired a new position in Cintas in the second quarter worth $32,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Argus increased their target price on shares of Cintas from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Tuesday, September 29th. Wells Fargo & Company reaffirmed 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. Bank of America upgraded Cintas from a "neutral" rating to a "buy" rating and increased their price target for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. Citigroup raised their price target on Cintas from $180.00 to $181.00 and gave the stock a "sell" rating in a report on Wednesday, September 30th. Finally, Rothschild & Co Redburn raised their price target on Cintas from $184.00 to $198.00 and gave the stock a "neutral" rating in a report on Tuesday, July 28th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $218.50.

Cintas Stock Up 1.1%

Cintas stock opened at $208.63 on Thursday. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.16. The stock has a market cap of $82.84 billion, a price-to-earnings ratio of 40.23, a PEG ratio of 3.28 and a beta of 0.92. The company's 50-day moving average price is $200.56 and its two-hundred day moving average price is $186.72. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.04. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The business had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same period last year, the firm posted $1.20 earnings per share. The business's revenue was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, analysts expect that Cintas Corporation will post 5.52 EPS for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were given a $0.52 dividend. This is a positive change from Cintas's previous quarterly dividend of $0.45. The ex-dividend date was Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. Cintas's dividend payout ratio is 41.03%.

About Cintas

Cintas Corporation NASDAQ: CTAS provides workplace services to businesses and organizations across North America. The company's primary business is uniform rental and facility services, including the design, rental, cleaning and delivery of uniforms, work apparel and related garments.

Its offerings also include restroom and hygiene services, floor-care products, mats, towels, and other facility supplies. Through its First Aid & Safety segment, Cintas provides first-aid products, safety equipment and training.

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