Cintas Corporation $CTAS Shares Sold by Strs Ohio

Strs Ohio lessened its stake in Cintas Corporation (NASDAQ:CTAS) by 5.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,115 shares of the business services provider’s stock after selling 7,453 shares during the period. Strs Ohio’s holdings in Cintas were worth $24,655,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Cintas by 2.7% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,876 shares of the business services provider’s stock worth $20,501,000 after buying an additional 2,628 shares during the last quarter. HBK Sorce Advisory LLC grew its position in shares of Cintas by 197.4% during the 3rd quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock valued at $1,858,000 after buying an additional 6,202 shares during the last quarter. Merit Financial Group LLC raised its stake in Cintas by 11.2% during the second quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock worth $3,225,000 after acquiring an additional 1,459 shares during the period. Vanguard Group Inc. lifted its holdings in Cintas by 1.4% in the second quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after acquiring an additional 524,829 shares during the last quarter. Finally, Generate Investment Management Ltd bought a new position in Cintas in the third quarter worth about $7,431,000. 63.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Redburn Partners set a $184.00 target price on Cintas in a report on Tuesday, November 11th. Morgan Stanley reduced their price objective on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Citigroup restated a “sell” rating and set a $181.00 price objective (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 target price on the stock in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $214.86.

Cintas Stock Down 0.1%

Shares of Cintas stock opened at $192.96 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. Cintas Corporation has a 1-year low of $180.39 and a 1-year high of $229.24. The business’s fifty day moving average price is $188.19 and its two-hundred day moving average price is $199.06. The company has a market capitalization of $77.16 billion, a P/E ratio of 56.26, a PEG ratio of 3.31 and a beta of 0.97.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the company earned $1.09 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, research analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas declared that its board has approved a share buyback plan 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 stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, February 13th. Cintas’s payout ratio is 52.48%.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.