Oregon Public Employees Retirement Fund Buys 9,513 Shares of Cintas Corporation $CTAS

Oregon Public Employees Retirement Fund lifted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 32.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,117 shares of the business services provider’s stock after acquiring an additional 9,513 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Cintas were worth $8,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin Edwards Inc. increased its position in Cintas by 3.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 208,006 shares of the business services provider’s stock valued at $42,697,000 after purchasing an additional 6,582 shares during the period. HB Wealth Management LLC lifted its position in shares of Cintas by 3.9% in the 3rd quarter. HB Wealth Management LLC now owns 8,855 shares of the business services provider’s stock worth $1,818,000 after purchasing an additional 332 shares during the period. Harfst & Associates Inc. boosted its stake in shares of Cintas by 1.3% in the 3rd quarter. Harfst & Associates Inc. now owns 7,903 shares of the business services provider’s stock valued at $1,622,000 after purchasing an additional 98 shares during the last quarter. Strategic Blueprint LLC acquired a new stake in shares of Cintas during the third quarter worth $214,000. Finally, Childress Capital Advisors LLC increased its position in shares of Cintas by 6.4% during the third quarter. Childress Capital Advisors LLC now owns 1,421 shares of the business services provider’s stock worth $292,000 after buying an additional 86 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of Cintas stock opened at $193.12 on Friday. The business has a 50-day simple moving average of $186.42 and a 200 day simple moving average of $200.98. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. The firm has a market capitalization of $77.23 billion, a price-to-earnings ratio of 56.30, a PEG ratio of 3.27 and a beta of 0.97.

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

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 14th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, November 14th. Cintas’s payout ratio is 52.48%.

Cintas declared that its Board of Directors has initiated a share repurchase plan on Tuesday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Citigroup reissued a “sell” rating and issued a $181.00 price objective (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research report on Friday, December 19th. Redburn Partners set a $184.00 target price on Cintas in a research note on Tuesday, November 11th. Finally, JPMorgan Chase & Co. lowered their target price on Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $212.00.

Cintas Company 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.