Louisiana State Employees Retirement System Reduces Stake in Cintas Corporation $CTAS

Louisiana State Employees Retirement System lowered its stake in Cintas Corporation (NASDAQ:CTAS) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,600 shares of the business services provider’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Cintas were worth $10,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. WPG Advisers LLC purchased a new position in Cintas during the first quarter worth $27,000. Saudi Central Bank purchased a new stake in Cintas in the 1st quarter worth about $29,000. Stone House Investment Management LLC purchased a new stake in Cintas in the 1st quarter worth about $41,000. Resources Management Corp CT ADV purchased a new stake in Cintas in the 1st quarter worth about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in Cintas by 646.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider’s stock worth $43,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the sale, the director owned 21,945 shares of the company’s stock, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martin Mucci purchased 1,200 shares of the stock in a transaction dated Monday, July 21st. The stock was acquired at an average cost of $222.55 per share, with a total value of $267,060.00. Following the transaction, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 14.90% of the company’s stock.

Cintas Price Performance

Shares of CTAS stock opened at $199.17 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. The company has a market capitalization of $80.26 billion, a P/E ratio of 45.16, a P/E/G ratio of 3.44 and a beta of 1.01. The company’s 50-day simple moving average is $210.10 and its two-hundred day simple moving average is $213.19. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS 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 business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the firm earned $1.10 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, equities analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. This is a boost from Cintas’s previous quarterly dividend of $0.39. Cintas’s dividend payout ratio is currently 40.82%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CTAS. Wells Fargo & Company reduced their price objective on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. UBS Group increased their price objective on shares of Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. The Goldman Sachs Group increased their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Citigroup increased their price objective on shares of Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research report on Friday, September 26th. Finally, Morgan Stanley increased their price objective on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus price target of $222.09.

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.