Mediolanum International Funds Ltd Grows Position in Cintas Corporation $CTAS

Mediolanum International Funds Ltd boosted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 18.6% in the first quarter, Holdings Channel reports. The institutional investor owned 19,584 shares of the business services provider’s stock after acquiring an additional 3,068 shares during the period. Mediolanum International Funds Ltd’s holdings in Cintas were worth $3,303,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CTAS. Norges Bank acquired a new stake in shares of Cintas in the 4th quarter worth $923,672,000. Two Sigma Investments LP lifted its position in Cintas by 5,641.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock worth $208,682,000 after acquiring an additional 998,963 shares during the period. SG Americas Securities LLC grew its stake in Cintas by 2,653.0% during the 4th quarter. SG Americas Securities LLC now owns 1,003,031 shares of the business services provider’s stock valued at $188,640,000 after purchasing an additional 966,597 shares during the last quarter. Voloridge Investment Management LLC increased its holdings in shares of Cintas by 275.2% in the third quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock valued at $230,556,000 after purchasing an additional 823,885 shares during the period. Finally, Freestone Grove Partners LP increased its holdings in shares of Cintas by 5,341.8% in the third quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock valued at $153,352,000 after purchasing an additional 733,380 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ:CTAS opened at $201.80 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The stock has a market capitalization of $80.74 billion, a PE ratio of 57.01, a P/E/G ratio of 3.12 and a beta of 0.94. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $226.75. The company has a fifty day moving average of $176.35 and a two-hundred day moving average of $182.88.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) 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 analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, research analysts forecast that Cintas Corporation will post 5.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of recent research reports. Citigroup dropped their target price on Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research report on Tuesday, March 31st. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research note on Thursday, July 16th. Truist Financial cut their price objective on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. Wells Fargo & Company reissued an “overweight” rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a report on Thursday. Finally, Robert W. Baird boosted their target price on shares of Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Cintas presently has an average rating of “Moderate Buy” and a consensus price target of $212.31.

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.