Andra AP fonden Buys 8,669 Shares of Cintas Corporation $CTAS

Andra AP fonden raised its position in shares of Cintas Corporation (NASDAQ:CTAS) by 12.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 78,600 shares of the business services provider’s stock after buying an additional 8,669 shares during the quarter. Andra AP fonden’s holdings in Cintas were worth $13,294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CTAS. Nemes Rush Group LLC acquired a new position in shares of Cintas during the fourth quarter valued at about $25,000. Swiss RE Ltd. acquired a new stake in Cintas in the 4th quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in Cintas in the 4th quarter worth approximately $26,000. Triumph Capital Management purchased a new stake in Cintas during the 3rd quarter worth approximately $29,000. Finally, Camelot Portfolios LLC purchased a new stake in Cintas during the 4th quarter worth approximately $26,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Bank of America upgraded 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 research note on Thursday, July 16th. Stifel Nicolaus lowered their price target on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. Argus upgraded Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $212.31.

Cintas Trading Down 0.7%

NASDAQ CTAS opened at $200.41 on Wednesday. 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. The company has a market capitalization of $80.18 billion, a PE ratio of 56.61, a P/E/G ratio of 3.26 and a beta of 0.94. The company has a fifty day moving average of $177.04 and a 200 day moving average of $182.97.

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, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the business earned $1.09 earnings per share. Cintas’s quarterly revenue was up 8.9% on a year-over-year basis. 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.