Cintas Corporation $CTAS Shares Sold by Renaissance Group LLC

Renaissance Group LLC cut its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 2.5% in the 2nd quarter, Holdings Channel reports. The fund owned 159,692 shares of the business services provider’s stock after selling 4,052 shares during the quarter. Cintas accounts for approximately 1.4% of Renaissance Group LLC’s portfolio, making the stock its 26th biggest position. Renaissance Group LLC’s holdings in Cintas were worth $35,591,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in Cintas in the first quarter valued at about $27,000. Saudi Central Bank acquired a new stake in Cintas in the first quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC raised its stake in shares of Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock worth $32,000 after buying an additional 128 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of Cintas by 3,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after buying an additional 157 shares in the last quarter. Finally, Addison Advisors LLC grew its stake in Cintas by 57.0% in 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 last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CTAS shares. Royal Bank Of Canada reduced their price target on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. Redburn Partners set a $184.00 target price on Cintas in a research note on Tuesday, November 11th. Rothschild & Co Redburn raised Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target for the company in a research report on Tuesday, November 11th. JPMorgan Chase & Co. cut their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Finally, Citigroup increased their price objective on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Cintas presently has a consensus rating of “Hold” and a consensus price target of $215.07.

Cintas Trading Up 0.1%

Shares of Cintas stock opened at $183.91 on Wednesday. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. The business’s fifty day moving average is $193.27 and its two-hundred day moving average is $209.91. 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 firm has a market cap of $73.91 billion, a PE ratio of 41.70, a P/E/G ratio of 3.18 and a beta of 0.99.

Cintas (NASDAQ:CTAS) last released its 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 return on equity of 40.41% and a net margin of 17.54%.The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

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

Cintas declared that its board has authorized a share buyback program on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.