Bessemer Group Inc. Purchases 4,013 Shares of Cintas Corporation $CTAS

Bessemer Group Inc. boosted its stake in Cintas Corporation (NASDAQ:CTAS) by 56.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,098 shares of the business services provider’s stock after purchasing an additional 4,013 shares during the period. Bessemer Group Inc.’s holdings in Cintas were worth $1,877,000 at the end of the most recent reporting period.

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

Cintas Stock Performance

CTAS stock opened at $201.36 on Thursday. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $226.75. The stock’s 50 day simple moving average is $177.80 and its 200 day simple moving average is $183.06. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $80.56 billion, a PE ratio of 53.84, a price-to-earnings-growth ratio of 3.24 and a beta of 0.94.

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. The company 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 firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior 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 forecast that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CTAS shares. Wells Fargo & Company restated an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Stifel Nicolaus decreased their target price on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Citigroup dropped their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a report on Tuesday, March 31st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $231.00 price target on shares of Cintas in a research report on Wednesday, July 15th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat, Cintas currently has a consensus rating of “Moderate Buy” and an average target price of $212.31.

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.