Cintas Corporation $CTAS Stock Position Increased by Oregon Public Employees Retirement Fund

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

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after buying an additional 108 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new position in shares of Cintas in the first quarter worth $333,000. Wealth Enhancement Advisory Services LLC increased its holdings 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 valued at $45,428,000 after purchasing an additional 95,244 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in shares of Cintas during the first quarter valued at about $232,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Cintas in the first quarter worth about $883,000. Institutional investors own 63.46% of the company’s stock.

Insider Activity

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 stock was sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the completion of the sale, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Todd M. Schneider sold 17,301 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $220.90, for a total value of $3,821,790.90. Following the completion of the transaction, the chief executive officer owned 622,712 shares in the company, valued at $137,557,080.80. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CTAS. Royal Bank Of Canada dropped their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 25th. Wells Fargo & Company lowered their price target on Cintas from $221.00 to $218.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Citigroup boosted their price objective on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a research note on Friday, September 26th. The Goldman Sachs Group lifted their target price on Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $222.09.

Cintas Stock Performance

Shares of CTAS opened at $187.94 on Tuesday. The company has a 50-day moving average of $207.59 and a two-hundred day moving average of $213.04. The stock has a market cap of $75.53 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 3.25 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities research analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently announced 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 1.0%. This is a boost from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 15th. Cintas’s payout ratio is 40.82%.

Cintas 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.