Cintas Corporation $CTAS Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 34.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 234,765 shares of the business services provider’s stock after purchasing an additional 59,821 shares during the period. Cetera Investment Advisers’ holdings in Cintas were worth $39,708,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Nemes Rush Group LLC acquired a new stake in shares of Cintas during the fourth quarter worth $25,000. First United Bank & Trust acquired a new position in shares of Cintas in the 1st quarter valued at $25,000. Whipplewood Advisors LLC increased its position in shares of Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 137 shares during the period. Swiss RE Ltd. purchased a new position in Cintas in the 4th quarter worth $25,000. Finally, Camelot Portfolios LLC purchased a new position in Cintas in the 4th quarter worth $26,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CTAS shares. Argus upgraded Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Truist Financial reduced their price objective on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, June 15th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $231.00 target price on shares of Cintas in a report on Wednesday, July 15th. Wells Fargo & Company reiterated an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, Robert W. Baird upped their target price on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $212.31.

Cintas Trading Up 1.3%

NASDAQ CTAS opened at $205.91 on Friday. The company has a market capitalization of $82.38 billion, a PE ratio of 55.06, a P/E/G ratio of 3.32 and a beta of 0.94. The company has a fifty day moving average of $179.30 and a 200 day moving average of $183.35. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $226.75. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Research analysts forecast that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Company 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.