California Public Employees Retirement System Acquires 126,845 Shares of Cintas Corporation $CTAS

California Public Employees Retirement System grew its holdings in Cintas Corporation (NASDAQ:CTAS) by 19.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 792,816 shares of the business services provider’s stock after purchasing an additional 126,845 shares during the quarter. California Public Employees Retirement System owned about 0.20% of Cintas worth $162,733,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Alpine Bank Wealth Management raised its holdings in shares of Cintas by 1,092.9% in the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after buying an additional 153 shares during the last quarter. WPG Advisers LLC grew its holdings in Cintas by 90.0% during the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after acquiring an additional 81 shares during the last quarter. Salomon & Ludwin LLC increased its position in Cintas by 84.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 84 shares in the last quarter. Evolution Wealth Management Inc. acquired a new stake in Cintas in the 2nd quarter valued at about $45,000. Finally, Caitlin John LLC bought a new position in shares of Cintas in the third quarter worth about $49,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

CTAS opened at $194.28 on Monday. The company has a fifty day moving average price of $195.16 and a two-hundred day moving average price of $193.20. The firm has a market capitalization of $77.69 billion, a PE ratio of 56.64, a P/E/G ratio of 3.50 and a beta of 0.95. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.77 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, analysts anticipate 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 Friday, March 13th. Shareholders of record on Friday, February 13th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. Cintas’s dividend payout ratio (DPR) is 52.48%.

Analysts Set New Price Targets

CTAS has been the topic of several research analyst reports. Robert W. Baird raised shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target on the stock in a research note on Wednesday, March 11th. Citigroup restated a “sell” rating and issued a $181.00 price objective (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. UBS Group reiterated a “buy” rating on shares of Cintas in a research report on Thursday. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and lifted their target price for the company from $205.00 to $245.00 in a research note on Wednesday, January 14th. Finally, Morgan Stanley dropped their target price on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $220.25.

About Cintas

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.