Cintas Corporation $CTAS Stock Position Raised by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its position in Cintas Corporation (NASDAQ:CTAS) by 7.8% in the first quarter, HoldingsChannel reports. The firm owned 147,226 shares of the business services provider’s stock after acquiring an additional 10,655 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Cintas were worth $24,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTAS. Norges Bank purchased a new stake in shares of Cintas in the fourth quarter valued at $923,672,000. Two Sigma Investments LP boosted its position in shares of Cintas by 5,641.3% in the third quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock worth $208,682,000 after buying an additional 998,963 shares during the period. Voloridge Investment Management LLC grew its holdings in shares of Cintas by 275.2% during the third quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock valued at $230,556,000 after buying an additional 823,885 shares in the last quarter. Freestone Grove Partners LP grew its holdings in shares of Cintas by 5,341.8% during the third quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock valued at $153,352,000 after buying an additional 733,380 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Cintas by 2,286.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 736,620 shares of the business services provider’s stock valued at $138,536,000 after buying an additional 705,751 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $205.91 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. Cintas Corporation has a one year low of $161.16 and a one year high of $226.75. The business’s 50-day moving average price is $179.30 and its two-hundred day moving average price is $183.33. The company has a market capitalization of $82.38 billion, a P/E ratio of 55.06, a price-to-earnings-growth ratio of 3.32 and a beta of 0.94.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) 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 business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the company earned $1.09 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Analysts anticipate that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CTAS shares. Citigroup reduced their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research note on Tuesday, March 31st. Truist Financial dropped their target price on Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, June 15th. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and increased their price target for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 price target on shares of Cintas in a report on Thursday, July 16th. Finally, Robert W. Baird boosted their price objective on shares of Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.