Cintas Corporation $CTAS Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its position in Cintas Corporation (NASDAQ:CTAS) by 14.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 29,650 shares of the business services provider’s stock after selling 4,849 shares during the period. Illinois Municipal Retirement Fund’s holdings in Cintas were worth $5,015,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Journey Advisory Group LLC raised its position in Cintas by 6.1% in the first quarter. Journey Advisory Group LLC now owns 38,317 shares of the business services provider’s stock worth $6,481,000 after acquiring an additional 2,217 shares in the last quarter. Advisors Preferred LLC raised its holdings in shares of Cintas by 91.4% in the 1st quarter. Advisors Preferred LLC now owns 2,917 shares of the business services provider’s stock worth $493,000 after purchasing an additional 1,393 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Cintas by 3.4% during the first quarter. Sanctuary Advisors LLC now owns 63,577 shares of the business services provider’s stock valued at $10,753,000 after purchasing an additional 2,120 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in Cintas by 5.0% during the first quarter. Checchi Capital Advisers LLC now owns 6,014 shares of the business services provider’s stock worth $1,017,000 after buying an additional 286 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new position in Cintas in the first quarter worth approximately $358,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Trading Down 0.9%

Shares of NASDAQ CTAS opened at $204.45 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. Cintas Corporation has a one year low of $161.16 and a one year high of $226.75. The business has a 50-day moving average price of $175.60 and a two-hundred day moving average price of $182.86. The firm has a market capitalization of $81.80 billion, a PE ratio of 57.75, a PEG ratio of 3.23 and a beta of 0.94.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, analysts predict that Cintas Corporation will post 5.48 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction on Monday, April 20th. The stock was sold at an average price of $178.87, for a total transaction of $834,607.42. Following the completion of the sale, the director owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. This trade represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 14.90% of the company’s stock.

More Cintas News

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: Bank of America upgraded Cintas to Buy from Neutral and raised its price target to $230, saying the company’s earnings setup looks stronger over the next several quarters thanks to improving labor conditions, growth in adjacent products, and margin expansion. Cintas upgraded by Bank of America after earnings beat and stronger outlook
• Positive Sentiment: Robert W. Baird raised its price target to $214 and kept an Outperform rating, while other analysts also lifted estimates after Cintas beat revenue and EPS expectations. These Analysts Increase Their Forecasts On Cintas Following Upbeat Q4 Earnings
• Positive Sentiment: Cintas posted a beat-and-raise quarter, with revenue of $2.91 billion and adjusted EPS of $1.29, plus stronger fiscal 2027 guidance, which has supported investor confidence and renewed buying interest. Cintas Keeps Beating Expectations—And the Story Isn’t Over
• Neutral Sentiment: Some coverage argues the stock may now be reasonably valued after its sharp five-year advance, suggesting upside may depend more on continued earnings execution than multiple expansion. Cintas (CTAS) Stock Looks Reasonable After Its 106% Five Year Run
• Negative Sentiment: Royal Bank of Canada only reaffirmed a Sector Perform rating with a $206 target, implying more limited upside than the most bullish calls and signaling that not all analysts are fully convinced the stock can rerate much higher from here. Benzinga coverage of RBC rating

Analyst Ratings Changes

A number of equities research analysts have recently commented on CTAS shares. UBS Group reiterated a “buy” rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a research report on Thursday. The Goldman Sachs Group reiterated a “buy” rating and issued a $231.00 price target on shares of Cintas in a research report on Wednesday. Stifel Nicolaus cut their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Argus upgraded shares of Cintas to a “strong-buy” rating in a report on Friday. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $212.31.

Cintas Profile

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.