Cintas Corporation

NASDAQ Global Select
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Strs Ohio Has $19.85 Million Stock Holdings in Cintas Corporation $CTAS

AI-generated analysis

📉 Strs Ohio trimmed its Cintas position by 8.2% in Q1, reducing holdings to 117,337 shares valued at $19.85 million.

📈 Keybank National Association OH increased its stake by 1.0%, adding 348 shares to reach a total of 34,257.

📈 KPP Advisory Services LLC grew its Cintas position by 10.6% by purchasing an additional 345 shares.

📈 Capital Asset Advisory Services LLC expanded its stake by 17.6%, acquiring 3,315 new shares.

📈 USS Investment Management Ltd raised its holdings by 6.0%, buying 3,557 additional shares.

📈 IFM Investors Pty Ltd increased its position by 3.0% through the acquisition of 2,130 shares.

📉 Citigroup downgraded Cintas to a 'sell' rating and lowered its price target from $181.00 to $160.00.

📈 Truist Financial maintained a 'buy' rating but reduced its price objective from $255.00 to $225.00.

📈 Robert W. Baird upgraded the stock to an 'outperform' rating with a $250.00 price target.

📉 Bank of America cut its price target on Cintas from $215.00 to $200.00 with a neutral rating.

💰 Director Ronald W. Tysoe sold 4,666 shares for approximately $834,607 in an April transaction.

💵 The company recently paid a quarterly dividend of $0.45 per share on June 15th.

Bullish Signals
  • Multiple institutional investors increased their stakes in Cintas during the first quarter, including Capital Asset Advisory Services LLC (+17.6%), KPP Advisory Services LLC (+10.6%), and USS Investment Management Ltd (+6.0%).
  • Robert W. Baird upgraded its rating to 'outperform' with a $250.00 price target, indicating confidence in the company's long-term prospects.
  • Truist Financial maintains a 'buy' rating despite lowering its price objective, suggesting continued institutional support for the business model.
  • The company recently paid a quarterly dividend of $0.45 per share, providing a 1.0% annualized yield to shareholders.
Risk Factors
  • Citigroup downgraded Cintas to a 'sell' rating and significantly reduced its price target from $181.00 to $160.00.
  • Bank of America lowered its price target on the stock from $215.00 to $200.00, reflecting a more cautious outlook.
  • Director Ronald W. Tysoe sold 4,666 shares representing a 17.21% decrease in his personal position, signaling insider selling activity.
  • Weiss Ratings downgraded the stock from a 'hold (c+)' to a 'hold (c)', indicating a slight deterioration in credit or fundamental quality.
Full Analysis
Strs Ohio reduced its stake in Cintas Corporation (CTAS) by 8.2% in the first quarter, selling 10,542 shares to hold a remaining position of 117,337 shares valued at approximately $19.85 million. While Strs Ohio trimmed its holdings, several other institutional investors increased their positions during the same period. Keybank National Association OH added 348 shares, KPP Advisory Services LLC grew its stake by 10.6%, and Capital Asset Advisory Services LLC increased its holding by 17.6%. Additionally, USS Investment Management Ltd and IFM Investors Pty Ltd raised their stakes by 6.0% and 3.0% respectively. Analyst sentiment regarding CTAS remains mixed with a consensus price target of $211.25. Citigroup recently downgraded the stock to a 'sell' rating and lowered its price target from $181.00 to $160.00, while Truist Financial maintained a 'buy' rating but reduced its objective to $225.00. Other notable actions include Robert W. Baird upgrading the rating to 'outperform' with a $250.00 target, and Bank of America cutting its price target to $200.00 with a 'neutral' stance. The aggregate analyst view currently leans towards a 'Hold' rating. Insider trading activity saw Director Ronald W. Tysoe sell 4,666 shares on April 20th for a total value of roughly $834,607, representing a 17.21% decrease in his personal holding. Following this transaction, the director retained 22,448 shares valued at over $4 million. The company maintains a market capitalization of $72.56 billion and recently paid a quarterly dividend of $0.45 per share on June 15th, resulting in an annualized yield of 1.0%.