Envestnet Asset Management Inc. Increases Stock Position in Cintas Corporation $CTAS

Envestnet Asset Management Inc. grew its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 3.3% during the second quarter, HoldingsChannel.com reports. The fund owned 762,937 shares of the business services provider’s stock after buying an additional 24,196 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Cintas were worth $170,035,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CTAS. WPG Advisers LLC purchased a new stake in shares of Cintas during the 1st quarter valued at about $27,000. Saudi Central Bank purchased a new stake in shares of Cintas during the 1st quarter valued at about $29,000. Stone House Investment Management LLC purchased a new stake in shares of Cintas during the 1st quarter valued at about $41,000. Resources Management Corp CT ADV purchased a new stake in shares of Cintas during the 1st quarter valued at about $41,000. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of Cintas during the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CTAS shares. JPMorgan Chase & Co. dropped their price target on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Cintas in a report on Wednesday, October 8th. The Goldman Sachs Group raised their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Morgan Stanley raised their price objective on shares of Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Finally, Robert W. Baird raised their price objective on shares of Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cintas currently has a consensus rating of “Hold” and a consensus price target of $222.09.

Cintas Price Performance

NASDAQ CTAS opened at $188.68 on Tuesday. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The stock has a market cap of $75.82 billion, a price-to-earnings ratio of 42.78, a PEG ratio of 3.30 and a beta of 1.01. The company’s 50 day moving average is $201.21 and its two-hundred day moving average is $212.38. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the business earned $1.10 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, research analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the sale, the director owned 21,945 shares in the company, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 14.90% of the company’s stock.

Cintas Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.