Cintas Corporation $CTAS Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its stake in Cintas Corporation (NASDAQ:CTAS) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,604 shares of the business services provider’s stock after purchasing an additional 100 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Cintas were worth $6,598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after acquiring an additional 108 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in shares of Cintas during the first quarter valued at approximately $333,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Cintas by 75.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 221,026 shares of the business services provider’s stock worth $45,428,000 after purchasing an additional 95,244 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in shares of Cintas in the first quarter valued at $232,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Cintas during the 1st quarter valued at $883,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. Citigroup increased their price target on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. Morgan Stanley raised their price objective on Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Royal Bank Of Canada dropped their price objective on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. Finally, JPMorgan Chase & Co. reduced their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $222.09.

Cintas Trading Down 0.0%

Shares of NASDAQ CTAS opened at $187.94 on Tuesday. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average price is $207.59 and its two-hundred day moving average price is $213.04. Cintas Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The stock has a market capitalization of $75.53 billion, a P/E ratio of 42.62, a PEG ratio of 3.25 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. Cintas’s dividend payout ratio is currently 40.82%.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 21,945 shares of the company’s stock, valued at $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Martin Mucci bought 1,200 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was bought at an average price of $222.55 per share, with a total value of $267,060.00. Following the completion of the purchase, the director owned 2,621 shares of the company’s stock, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 14.90% of the company’s stock.

Cintas Company Profile

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.