Railway Pension Investments Ltd Sells 19,400 Shares of Cintas Corporation $CTAS

Railway Pension Investments Ltd decreased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 8.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,896 shares of the business services provider’s stock after selling 19,400 shares during the period. Railway Pension Investments Ltd owned about 0.05% of Cintas worth $45,442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CTAS. WPG Advisers LLC bought a new stake in Cintas during the first quarter worth $27,000. Saudi Central Bank bought a new position in shares of Cintas in the 1st quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC raised its holdings 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 worth $32,000 after buying an additional 128 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Cintas by 3,925.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after buying an additional 157 shares in the last quarter. Finally, Addison Advisors LLC lifted its position in shares of Cintas by 57.0% during the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after buying an additional 61 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

Cintas stock opened at $186.10 on Friday. The stock’s 50 day moving average is $190.60 and its 200 day moving average is $208.24. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24. The firm has a market cap of $74.79 billion, a P/E ratio of 42.20, a P/E/G ratio of 3.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94.

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 net margin of 17.54% and a return on equity of 40.41%. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, research analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

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

Cintas Announces Dividend

The firm 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, November 14th. Cintas’s dividend payout ratio (DPR) is presently 40.82%.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several research analyst reports. 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a report on Tuesday. Citigroup lifted their price target on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. Royal Bank Of Canada dropped their price objective on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research note on Thursday, September 25th. Finally, Rothschild & Co Redburn upgraded shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 target price on the stock in a research report on Tuesday, November 11th. 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $212.71.

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.