Cintas Corporation $CTAS Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its holdings in Cintas Corporation (NASDAQ:CTAS) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 665,971 shares of the business services provider’s stock after selling 21,959 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Cintas worth $148,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. WPG Advisers LLC acquired a new stake in Cintas in the 1st quarter valued at about $27,000. Saudi Central Bank purchased a new stake in shares of Cintas in the first quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Cintas by 800.0% in the second 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 during the last quarter. Golden State Wealth Management LLC lifted its position in Cintas by 3,925.0% during the second 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 in the last quarter. Finally, Addison Advisors LLC lifted its position in Cintas by 57.0% during the second 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 currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on CTAS. Royal Bank Of Canada dropped their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a report on Thursday, September 25th. Wells Fargo & Company reissued a “cautious” rating and issued a $185.00 price objective (down previously from $218.00) on shares of Cintas in a report on Tuesday, November 25th. Citigroup lifted their target price on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research note on Friday, September 26th. Redburn Partners set a $184.00 price target on shares of Cintas in a research note on Tuesday, November 11th. Finally, Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $212.71.

Cintas Price Performance

Shares of CTAS opened at $186.75 on Monday. The firm has a 50-day simple moving average of $188.91 and a two-hundred day simple moving average of $206.92. The stock has a market cap of $75.05 billion, a PE ratio of 42.35, a P/E/G ratio of 3.22 and a beta of 0.96. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24. 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 (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the company posted $1.10 EPS. The firm’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. As a group, analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Announces Dividend

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

Cintas declared that its Board of Directors has approved a share repurchase plan on Tuesday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

About Cintas

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.