Texas Permanent School Fund Corp Cuts Holdings in Cintas Corporation $CTAS

Texas Permanent School Fund Corp trimmed its position in Cintas Corporation (NASDAQ:CTAS) by 34.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,093 shares of the business services provider’s stock after selling 12,943 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Cintas were worth $5,370,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTAS. WPG Advisers LLC bought a new stake in Cintas in the 1st quarter worth approximately $27,000. Saudi Central Bank bought a new stake in Cintas in the first quarter worth $29,000. Barnes Dennig Private Wealth Management LLC raised its stake in Cintas by 800.0% during the second 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 raised its stake in Cintas by 3,925.0% during the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 157 shares in the last quarter. Finally, Addison Advisors LLC lifted its position in Cintas by 57.0% during the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 61 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley reduced 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. Redburn Partners set a $184.00 price objective on Cintas in a research report on Tuesday, November 11th. Wells Fargo & Company reaffirmed a “cautious” rating and issued a $185.00 price objective (down from $218.00) on shares of Cintas in a research note on Tuesday, November 25th. Citigroup boosted their target price on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cintas in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $212.00.

Cintas Trading Down 0.1%

CTAS opened at $187.37 on Thursday. The stock has a market cap of $75.30 billion, a price-to-earnings ratio of 42.49, a P/E/G ratio of 3.24 and a beta of 0.96. The stock’s 50 day moving average price is $186.43 and its 200-day moving average price is $204.93. 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 0.51, a quick ratio of 1.94 and a current ratio of 2.24.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $1.10 EPS. Cintas’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. On average, equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders 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 dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, November 14th. Cintas’s payout ratio is currently 40.82%.

Cintas announced that its board has initiated a stock repurchase plan on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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.