Cintas Corporation $CTAS Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 14.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,650 shares of the business services provider’s stock after selling 4,849 shares during the period. Illinois Municipal Retirement Fund’s holdings in Cintas were worth $5,015,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CTAS. Brighton Jones LLC raised its stake in Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after buying an additional 108 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Cintas by 42.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 428 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in Cintas during the second quarter worth $625,000. Treasurer of the State of North Carolina boosted its holdings in Cintas by 20.3% in the second quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider’s stock worth $47,291,000 after purchasing an additional 35,781 shares during the period. Finally, Ieq Capital LLC increased its stake in Cintas by 50.2% during the second quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider’s stock valued at $20,710,000 after purchasing an additional 31,068 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Trending Headlines about Cintas

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: Bank of America upgraded Cintas to Buy from Neutral and raised its price target to $230, saying the company’s earnings setup looks stronger over the next several quarters thanks to improving labor conditions, growth in adjacent products, and margin expansion. Cintas upgraded by Bank of America after earnings beat and stronger outlook
• Positive Sentiment: Robert W. Baird raised its price target to $214 and kept an Outperform rating, while other analysts also lifted estimates after Cintas beat revenue and EPS expectations. These Analysts Increase Their Forecasts On Cintas Following Upbeat Q4 Earnings
• Positive Sentiment: Cintas posted a beat-and-raise quarter, with revenue of $2.91 billion and adjusted EPS of $1.29, plus stronger fiscal 2027 guidance, which has supported investor confidence and renewed buying interest. Cintas Keeps Beating Expectations—And the Story Isn’t Over
• Neutral Sentiment: Some coverage argues the stock may now be reasonably valued after its sharp five-year advance, suggesting upside may depend more on continued earnings execution than multiple expansion. Cintas (CTAS) Stock Looks Reasonable After Its 106% Five Year Run
• Negative Sentiment: Royal Bank of Canada only reaffirmed a Sector Perform rating with a $206 target, implying more limited upside than the most bullish calls and signaling that not all analysts are fully convinced the stock can rerate much higher from here. Benzinga coverage of RBC rating

Cintas Stock Performance

CTAS opened at $204.45 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $175.60 and its 200-day moving average is $182.86. The stock has a market cap of $81.80 billion, a PE ratio of 57.75, a price-to-earnings-growth ratio of 3.23 and a beta of 0.94. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $226.75.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, analysts predict that Cintas Corporation will post 5.48 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a report on Thursday. Argus upgraded Cintas to a “strong-buy” rating in a research note on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 target price on shares of Cintas in a report on Thursday. The Goldman Sachs Group reissued a “buy” rating and issued a $231.00 price target on shares of Cintas in a report on Wednesday. Finally, UBS Group reaffirmed a “buy” rating and issued a $230.00 target price (up from $228.00) on shares of Cintas in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $212.31.

Insider Activity at Cintas

In related news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the sale, the director directly owned 22,448 shares in the company, valued at $4,015,273.76. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 14.90% of the company’s stock.

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.