New York State Teachers Retirement System Lowers Holdings in Cintas Corporation $CTAS

New York State Teachers Retirement System lowered its holdings in Cintas Corporation (NASDAQ:CTAS) by 8.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 286,950 shares of the business services provider’s stock after selling 25,947 shares during the quarter. New York State Teachers Retirement System owned 0.07% of Cintas worth $58,899,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Focus Partners Wealth raised its holdings in Cintas by 16.5% in the first quarter. Focus Partners Wealth now owns 25,040 shares of the business services provider’s stock valued at $5,147,000 after acquiring an additional 3,554 shares in the last quarter. Merit Financial Group LLC increased its position in shares of Cintas by 11.2% in the 2nd quarter. Merit Financial Group LLC now owns 14,472 shares of the business services provider’s stock valued at $3,225,000 after purchasing an additional 1,459 shares during the last quarter. HBK Sorce Advisory LLC raised its holdings in shares of Cintas by 197.4% in the 3rd quarter. HBK Sorce Advisory LLC now owns 9,344 shares of the business services provider’s stock valued at $1,858,000 after purchasing an additional 6,202 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Cintas by 1.4% during the 2nd 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 last quarter. Finally, Generate Investment Management Ltd acquired a new position in shares of Cintas during the third quarter worth $7,431,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CTAS. Robert W. Baird raised their price target on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research report on Friday, December 19th. Rothschild & Co Redburn raised Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target for the company in a report on Tuesday, November 11th. UBS Group reiterated a “buy” rating on shares of Cintas in a research note on Friday, December 19th. Finally, Sanford C. Bernstein began coverage on shares of Cintas in a report on Wednesday, November 12th. They set a “market perform” rating and a $200.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Cintas presently has a consensus rating of “Hold” and a consensus price target of $212.00.

Cintas Stock Up 1.5%

Shares of NASDAQ CTAS opened at $193.12 on Monday. The business has a 50-day moving average price of $186.42 and a 200 day moving average price of $200.69. The stock has a market cap of $77.23 billion, a PE ratio of 56.30, a price-to-earnings-growth ratio of 3.31 and a beta of 0.97. 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 52-week low of $180.39 and a 52-week high of $229.24.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. 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 authorized a stock repurchase program on Tuesday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 14th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, November 14th. Cintas’s dividend payout ratio (DPR) is presently 52.48%.

About Cintas

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.