New York State Common Retirement Fund Has $78.12 Million Position in Cintas Corporation $CTAS

New York State Common Retirement Fund lessened its stake in Cintas Corporation (NASDAQ:CTAS) by 6.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 380,584 shares of the business services provider’s stock after selling 24,900 shares during the period. New York State Common Retirement Fund’s holdings in Cintas were worth $78,119,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Cintas during the second quarter worth $925,531,000. Los Angeles Capital Management LLC boosted its holdings in Cintas by 90.1% in the second quarter. Los Angeles Capital Management LLC now owns 1,214,098 shares of the business services provider’s stock valued at $270,586,000 after acquiring an additional 575,372 shares during the last quarter. Panagora Asset Management Inc. increased its position in Cintas by 264.9% in the second quarter. Panagora Asset Management Inc. now owns 776,042 shares of the business services provider’s stock worth $172,956,000 after purchasing an additional 563,366 shares during the period. Vanguard Group Inc. increased its position in Cintas by 1.4% in the second quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after purchasing an additional 524,829 shares during the period. Finally, Invesco Ltd. raised its holdings in Cintas by 11.2% during the 2nd quarter. Invesco Ltd. now owns 4,911,366 shares of the business services provider’s stock worth $1,094,596,000 after purchasing an additional 495,486 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

Shares of CTAS stock opened at $189.65 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. The firm has a fifty day moving average of $188.78 and a 200-day moving average of $198.48. The firm has a market capitalization of $75.84 billion, a price-to-earnings ratio of 55.29, a price-to-earnings-growth ratio of 3.24 and a beta of 0.97.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, equities research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas announced that its Board of Directors has initiated a stock buyback program on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s dividend payout ratio is presently 52.48%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CTAS shares. Redburn Partners set a $184.00 target price on shares of Cintas in a research note on Tuesday, November 11th. Rothschild Redb raised shares of Cintas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Friday, December 19th. Citigroup reissued a “sell” rating and issued a $181.00 price target (up previously from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Finally, Robert W. Baird lifted their price objective on Cintas from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cintas presently has an average rating of “Hold” and a consensus price target of $214.86.

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.