Ascent Wealth Partners LLC Acquires 12,282 Shares of Cintas Corporation $CTAS

Ascent Wealth Partners LLC boosted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 44.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,886 shares of the business services provider’s stock after acquiring an additional 12,282 shares during the quarter. Ascent Wealth Partners LLC’s holdings in Cintas were worth $6,746,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. State Street Corp lifted its position in shares of Cintas by 1.4% during the fourth quarter. State Street Corp now owns 15,311,491 shares of the business services provider’s stock worth $2,879,632,000 after purchasing an additional 210,477 shares during the last quarter. Geode Capital Management LLC increased its stake in Cintas by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 9,293,485 shares of the business services provider’s stock worth $1,746,453,000 after buying an additional 97,220 shares during the period. Norges Bank purchased a new position in Cintas in the 4th quarter worth about $923,672,000. Morgan Stanley lifted its holdings in Cintas by 0.8% during the 4th quarter. Morgan Stanley now owns 4,393,116 shares of the business services provider’s stock valued at $826,214,000 after buying an additional 36,666 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Cintas by 6.2% during the 4th quarter. Nordea Investment Management AB now owns 2,729,394 shares of the business services provider’s stock valued at $517,466,000 after buying an additional 158,785 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Insider Activity at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the completion of the sale, the director directly owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 14.90% of the company’s stock.

Key Stories Impacting Cintas

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 Trading Down 0.9%

CTAS opened at $204.45 on Friday. The firm has a market cap of $81.80 billion, a price-to-earnings ratio of 57.75, a PEG ratio of 3.23 and a beta of 0.94. The company has a current ratio of 1.43, a quick ratio of 1.74 and a debt-to-equity ratio of 0.28. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $226.75. The stock has a fifty day moving average price of $175.60 and a 200-day moving average price of $182.86.

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

Analyst Ratings Changes

CTAS has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $231.00 target price on shares of Cintas in a research note on Wednesday. Argus raised shares of Cintas to a “strong-buy” rating in a research note on Friday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a report on Thursday. Bank of America raised Cintas from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $230.00 in a research note on Thursday. Finally, Stifel Nicolaus reduced their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued 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 an average price target of $212.31.

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.