Cintas Corporation $CTAS Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in Cintas Corporation (NASDAQ:CTAS) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,128 shares of the business services provider’s stock after purchasing an additional 7,386 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Cintas were worth $26,505,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Cintas by 2.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,876 shares of the business services provider’s stock valued at $20,501,000 after acquiring an additional 2,628 shares in the last quarter. HBK Sorce Advisory LLC raised its position in Cintas by 197.4% in the third 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 during the period. Scalar Gauge Management LLC raised its position in Cintas by 210.0% in the third quarter. Scalar Gauge Management LLC now owns 31,000 shares of the business services provider’s stock valued at $6,363,000 after purchasing an additional 21,000 shares during the period. Johnson Investment Counsel Inc. boosted its position in shares of Cintas by 2.3% in the third quarter. Johnson Investment Counsel Inc. now owns 150,809 shares of the business services provider’s stock worth $30,955,000 after buying an additional 3,397 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Cintas by 1.4% in the second quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock valued at $8,554,672,000 after buying an additional 524,829 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $193.44 on Monday. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The firm has a 50-day simple moving average of $190.94 and a 200 day simple moving average of $196.18. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. The company has a market cap of $77.35 billion, a PE ratio of 56.40, a P/E/G ratio of 3.31 and a beta of 0.95.

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

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

Cintas Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on CTAS shares. Citigroup reissued a “sell” rating and set a $181.00 price target (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. 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. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Friday, December 19th. Morgan Stanley cut their price objective on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Finally, Robert W. Baird raised their target price on Cintas from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Cintas currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.08.

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.