Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Holdings in Cintas Corporation $CTAS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,176 shares of the business services provider’s stock after buying an additional 5,733 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cintas were worth $18,760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CTAS. WPG Advisers LLC bought a new stake in Cintas during the 1st quarter valued at $27,000. Saudi Central Bank purchased a new position in Cintas during the first quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC grew its position 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 valued at $32,000 after purchasing an additional 128 shares in the last quarter. Golden State Wealth Management LLC increased its stake in 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 acquiring an additional 157 shares during the last quarter. Finally, Addison Advisors LLC increased its position in shares of Cintas by 57.0% in the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after purchasing an additional 61 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

CTAS opened at $186.72 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The stock’s 50 day simple moving average is $194.01 and its 200 day simple moving average is $210.29. The firm has a market cap of $75.04 billion, a price-to-earnings ratio of 42.34, a PEG ratio of 3.18 and a beta of 0.99. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter 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. As a group, analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 of this dividend is Friday, November 14th. Cintas’s dividend payout ratio (DPR) is 40.82%.

Cintas declared that its Board of Directors has approved a stock repurchase plan on Tuesday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

CTAS has been the subject of a number of research analyst reports. Sanford C. Bernstein started coverage on shares of Cintas in a report on Wednesday. They set a “market perform” rating and a $200.00 price objective for the company. Royal Bank Of Canada lowered their price target on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 25th. Rothschild Redb raised Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Wells Fargo & Company reduced their price objective 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. Finally, Weiss Ratings cut Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. 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 stock. According to data from MarketBeat.com, Cintas currently has a consensus rating of “Hold” and a consensus price target of $215.07.

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.