Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 3,300 Shares of Cintas Corporation $CTAS

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Cintas Corporation by 4.4%, now owning a total of 77,748 shares valued at approximately $15.98 million.
• Cintas recently reported earnings of $1.09 EPS, exceeding expectations, and announced a quarterly dividend of $0.45 per share, reflecting a positive change from the previous dividend of $0.39.
• Analyst ratings for Cintas vary, with a consensus rating of "Hold" and price targets ranging from $196 to $257, indicating a mix of confidence and caution among analysts.

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,748 shares of the business services provider's stock after buying an additional 3,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Cintas were worth $15,980,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stone House Investment Management LLC bought a new position in Cintas during the first quarter valued at approximately $41,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Cintas by 646.4% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock valued at $43,000 after purchasing an additional 181 shares during the period. Washington Trust Advisors Inc. bought a new position in Cintas during the first quarter valued at approximately $46,000. Greykasell Wealth Strategies Inc. bought a new position in Cintas during the first quarter valued at approximately $46,000. Finally, Wellington Shields & Co. LLC bought a new position in Cintas during the first quarter valued at approximately $51,000. Institutional investors own 63.46% of the company's stock.

Insider Buying and Selling at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the completion of the transaction, the director owned 21,945 shares in the company, valued at $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the transaction, the chief executive officer owned 622,712 shares of the company's stock, valued at $137,557,080.80. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by company insiders.

Cintas Price Performance

Shares of NASDAQ CTAS traded up $0.30 during midday trading on Wednesday, reaching $216.73. The stock had a trading volume of 1,915,141 shares, compared to its average volume of 1,354,945. The stock has a 50-day moving average of $220.44 and a 200-day moving average of $212.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. The company has a market capitalization of $87.34 billion, a price-to-earnings ratio of 49.15, a price-to-earnings-growth ratio of 3.73 and a beta of 1.03. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. Cintas's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $3.99 earnings per share. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.8%. This is an increase from Cintas's previous quarterly dividend of $0.39. The ex-dividend date is Friday, August 15th. Cintas's dividend payout ratio (DPR) is 40.82%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CTAS. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $240.00 target price (up from $215.00) on shares of Cintas in a report on Monday, June 9th. JPMorgan Chase & Co. began coverage on shares of Cintas in a report on Monday, July 14th. They set an "overweight" rating and a $239.00 target price for the company. Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. UBS Group upped their target price on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, The Goldman Sachs Group upped their target price on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $224.54.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.