KBC Group NV Increases Holdings in Cintas Corporation $CTAS

KBC Group NV grew its position in shares of Cintas Corporation (NASDAQ:CTAS) by 0.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 641,490 shares of the business services provider’s stock after acquiring an additional 2,760 shares during the quarter. KBC Group NV’s holdings in Cintas were worth $108,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Caledonia Investments PLC purchased a new stake in shares of Cintas during the 4th quarter valued at about $33,287,000. Riverbridge Partners LLC boosted its holdings in shares of Cintas by 7.7% in the first quarter. Riverbridge Partners LLC now owns 229,158 shares of the business services provider’s stock worth $38,760,000 after buying an additional 16,437 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cintas by 2,286.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 736,620 shares of the business services provider’s stock worth $138,536,000 after buying an additional 705,751 shares during the last quarter. Suncoast Equity Management boosted its holdings in shares of Cintas by 53.7% in the fourth quarter. Suncoast Equity Management now owns 23,845 shares of the business services provider’s stock worth $4,485,000 after buying an additional 8,330 shares during the last quarter. Finally, King Luther Capital Management Corp grew its position in Cintas by 0.7% during the fourth quarter. King Luther Capital Management Corp now owns 1,812,112 shares of the business services provider’s stock valued at $340,804,000 after buying an additional 12,204 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup reduced their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a report on Tuesday, March 31st. Stifel Nicolaus cut their price objective on shares of Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. Robert W. Baird boosted their price objective on shares of Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Company restated an “overweight” rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a research note on Thursday. Finally, Bank of America raised Cintas from a “neutral” rating to a “buy” rating and raised their target price for the stock from $200.00 to $230.00 in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $212.31.

Cintas Stock Performance

Cintas stock opened at $204.45 on Monday. The firm has a 50 day moving average of $175.60 and a 200 day moving average of $182.80. The firm has a market capitalization of $81.80 billion, a price-to-earnings ratio of 57.75, a P/E/G ratio of 3.12 and a beta of 0.94. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $226.75. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, research analysts predict that Cintas Corporation will post 5.48 earnings per share for the current year.

Key Cintas News

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: Bank of America upgraded Cintas to Buy from Neutral and raised its price target to $230, saying the company’s earnings setup looks stronger over the next several quarters thanks to improving labor conditions, growth in adjacent products, and margin expansion. Cintas upgraded by Bank of America after earnings beat and stronger outlook
• Positive Sentiment: Robert W. Baird raised its price target to $214 and kept an Outperform rating, while other analysts also lifted estimates after Cintas beat revenue and EPS expectations. These Analysts Increase Their Forecasts On Cintas Following Upbeat Q4 Earnings
• Positive Sentiment: Cintas posted a beat-and-raise quarter, with revenue of $2.91 billion and adjusted EPS of $1.29, plus stronger fiscal 2027 guidance, which has supported investor confidence and renewed buying interest. Cintas Keeps Beating Expectations—And the Story Isn’t Over
• Neutral Sentiment: Some coverage argues the stock may now be reasonably valued after its sharp five-year advance, suggesting upside may depend more on continued earnings execution than multiple expansion. Cintas (CTAS) Stock Looks Reasonable After Its 106% Five Year Run
• Negative Sentiment: Royal Bank of Canada only reaffirmed a Sector Perform rating with a $206 target, implying more limited upside than the most bullish calls and signaling that not all analysts are fully convinced the stock can rerate much higher from here. Benzinga coverage of RBC rating

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.