Public Sector Pension Investment Board Acquires 3,566 Shares of Cintas Corporation $CTAS

Public Sector Pension Investment Board grew its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 15.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,010 shares of the business services provider’s stock after acquiring an additional 3,566 shares during the quarter. Public Sector Pension Investment Board’s holdings in Cintas were worth $5,544,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CTAS. Barnes Dennig Private Wealth Management LLC boosted its position in 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 buying an additional 128 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of 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 valued at $36,000 after acquiring an additional 157 shares in the last quarter. Alpine Bank Wealth Management grew its position in Cintas by 1,092.9% during the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after acquiring an additional 153 shares during the last quarter. Addison Advisors LLC increased 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 purchasing an additional 61 shares in the last quarter. Finally, WPG Advisers LLC raised its position in Cintas by 90.0% in the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 81 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CTAS shares. Bank of America started coverage on Cintas in a report on Tuesday. They set a “neutral” rating and a $215.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. Argus upgraded shares of Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a report on Friday, December 19th. Finally, UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Cintas currently has a consensus rating of “Hold” and an average price target of $218.17.

Cintas Price Performance

CTAS stock opened at $196.41 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $191.60 and its 200 day simple moving average is $195.79. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. The firm has a market cap of $78.54 billion, a price-to-earnings ratio of 57.26, a PEG ratio of 3.34 and a beta of 0.95.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the company earned $1.09 EPS. 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. On average, analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas declared that its Board of Directors has authorized a stock repurchase plan 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 reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be paid a $0.45 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s payout ratio is currently 52.48%.

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.