Cintas Corporation $CTAS Shares Sold by Renaissance Group LLC

Renaissance Group LLC reduced its stake in Cintas Corporation (NASDAQ:CTAS) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 159,692 shares of the business services provider’s stock after selling 4,052 shares during the quarter. Cintas accounts for 1.4% of Renaissance Group LLC’s investment portfolio, making the stock its 26th largest position. Renaissance Group LLC’s holdings in Cintas were worth $35,591,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in CTAS. WPG Advisers LLC acquired a new position in Cintas during the first quarter worth $27,000. Saudi Central Bank purchased a new stake in shares of Cintas in the 1st quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Cintas by 800.0% in the 2nd 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 during the period. Golden State Wealth Management LLC lifted its stake in 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 worth $36,000 after acquiring an additional 157 shares in the last quarter. Finally, Addison Advisors LLC boosted its holdings in Cintas by 57.0% during the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS stock opened at $183.91 on Wednesday. The company has a market cap of $73.91 billion, a P/E ratio of 41.70, a PEG ratio of 3.18 and a beta of 0.99. The firm has a fifty day moving average price of $193.27 and a 200 day moving average price of $209.91. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12 month low of $180.39 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The company 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%.Cintas’s revenue for the quarter 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. Sell-side analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas announced that its board has approved a share buyback program on Tuesday, October 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Cintas Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CTAS. Rothschild & Co Redburn upgraded shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target on the stock in a research note on Tuesday, November 11th. Weiss Ratings cut shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, November 13th. Redburn Partners set a $184.00 price target on shares of Cintas in a research note on Tuesday, November 11th. JPMorgan Chase & Co. reduced their price objective on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Finally, Citigroup lifted their target price on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $215.07.

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.