Cintas Corporation $CTAS Stock Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in Cintas Corporation (NASDAQ:CTAS) by 17.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,896,919 shares of the business services provider’s stock after purchasing an additional 277,798 shares during the period. Dimensional Fund Advisors LP’s holdings in Cintas were worth $320,843,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its stake in Cintas by 1.4% in the fourth quarter. State Street Corp now owns 15,311,491 shares of the business services provider’s stock valued at $2,879,632,000 after acquiring an additional 210,477 shares during the last quarter. Geode Capital Management LLC grew its position in Cintas by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 9,293,485 shares of the business services provider’s stock worth $1,746,453,000 after acquiring an additional 97,220 shares in the last quarter. Norges Bank acquired a new position in shares of Cintas during the 4th quarter worth $923,672,000. Morgan Stanley increased its position in Cintas by 0.8% during the fourth quarter. Morgan Stanley now owns 4,393,116 shares of the business services provider’s stock worth $826,214,000 after buying an additional 36,666 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Cintas by 4.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,683,582 shares of the business services provider’s stock valued at $504,702,000 after buying an additional 112,622 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CTAS. Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. UBS Group reaffirmed a “buy” rating and issued a $230.00 price target (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. The Goldman Sachs Group restated a “buy” rating and issued a $231.00 price target on shares of Cintas in a research report on Wednesday, July 15th. Finally, Argus upgraded shares of Cintas to a “strong-buy” rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $212.31.

Cintas Trading Up 0.5%

Shares of CTAS stock opened at $201.36 on Thursday. The firm has a fifty day moving average of $177.80 and a 200-day moving average of $183.06. The stock has a market cap of $80.56 billion, a price-to-earnings ratio of 53.84, a P/E/G ratio of 3.24 and a beta of 0.94. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $226.75. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations 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 company earned $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, equities research analysts forecast that Cintas Corporation will post 5.49 earnings per share for the current fiscal 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.