Mediolanum International Funds Ltd Has $3.30 Million Stock Holdings in Cintas Corporation $CTAS

Mediolanum International Funds Ltd raised its holdings in Cintas Corporation (NASDAQ:CTAS) by 18.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,584 shares of the business services provider’s stock after buying an additional 3,068 shares during the period. Mediolanum International Funds Ltd’s holdings in Cintas were worth $3,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Nemes Rush Group LLC bought a new position in shares of Cintas in the fourth quarter valued at approximately $25,000. Swiss RE Ltd. bought a new position in shares of Cintas in the fourth quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Cintas in the 4th quarter valued at about $26,000. Triumph Capital Management bought a new stake in Cintas during the third quarter valued at approximately $29,000. Finally, Camelot Portfolios LLC purchased a new stake in Cintas during the fourth quarter valued at about $26,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a report on Thursday, July 16th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a research report on Thursday. Truist Financial reduced their price target on Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. Finally, Argus raised Cintas to a “strong-buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $212.31.

Cintas Stock Performance

Shares of CTAS stock opened at $201.80 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $226.75. The firm has a market capitalization of $80.74 billion, a PE ratio of 57.01, a P/E/G ratio of 3.12 and a beta of 0.94. The company has a 50 day moving average price of $176.35 and a 200-day moving average price of $182.88.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping 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 was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, equities research analysts expect that Cintas Corporation will post 5.48 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.