California Public Employees Retirement System Purchases 126,845 Shares of Cintas Corporation $CTAS

California Public Employees Retirement System boosted its position in shares of Cintas Corporation (NASDAQ:CTAS) by 19.0% in the third quarter, Holdings Channel reports. The firm owned 792,816 shares of the business services provider’s stock after purchasing an additional 126,845 shares during the period. California Public Employees Retirement System’s holdings in Cintas were worth $162,733,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Bank of Nova Scotia raised its stake in Cintas by 25.6% during the 3rd quarter. Bank of Nova Scotia now owns 107,907 shares of the business services provider’s stock worth $22,149,000 after buying an additional 21,996 shares during the period. Alliancebernstein L.P. raised its position in shares of Cintas by 125.5% during the third quarter. Alliancebernstein L.P. now owns 1,130,292 shares of the business services provider’s stock worth $232,004,000 after purchasing an additional 629,065 shares during the period. Ameriprise Financial Inc. increased its stake in Cintas by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,559,852 shares of the business services provider’s stock worth $524,460,000 after purchasing an additional 12,841 shares in the last quarter. Zacks Investment Management increased its stake in Cintas by 0.5% during the 3rd quarter. Zacks Investment Management now owns 257,991 shares of the business services provider’s stock worth $52,956,000 after purchasing an additional 1,329 shares in the last quarter. Finally, Credit Agricole S A acquired a new stake in Cintas during the 3rd quarter worth approximately $6,018,000. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

NASDAQ:CTAS opened at $194.28 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. The stock’s 50-day simple moving average is $195.16 and its 200 day simple moving average is $193.20. The company has a market cap of $77.69 billion, a P/E ratio of 56.64, a P/E/G ratio of 3.50 and a beta of 0.95. Cintas Corporation has a 52-week low of $180.39 and a 52-week high of $229.24.

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 the consensus estimate of $1.20 by $0.01. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, sell-side analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, February 13th. Cintas’s dividend payout ratio is presently 52.48%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CTAS. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target on the stock in a research note on Wednesday, March 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. Bank of America initiated coverage on Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 target price on the stock. Finally, Citigroup reaffirmed a “sell” rating and set a $181.00 price target (up from $176.00) on shares of Cintas in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $220.25.

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.