Cintas Corporation $CTAS Stake Boosted by Bessemer Group Inc.

Bessemer Group Inc. increased its position in Cintas Corporation (NASDAQ:CTAS) by 56.6% in the first quarter, according to its most recent 13F filing with the SEC. 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 have also made changes to their positions in the stock. Jag Capital Management LLC acquired a new position in Cintas in the 1st quarter worth about $7,508,000. Allspring Global Investments Holdings LLC lifted its position in Cintas by 269.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 391,328 shares of the business services provider’s stock worth $67,324,000 after acquiring an additional 285,364 shares during the last quarter. Independent Financial Group LLC acquired a new position in Cintas during the 1st quarter worth $232,000. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Cintas during the first quarter valued at about $33,733,000. Finally, Wealthfront Advisers LLC boosted its holdings in Cintas by 17.9% during the first quarter. Wealthfront Advisers LLC now owns 54,777 shares of the business services provider’s stock valued at $9,265,000 after acquiring an additional 8,331 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on CTAS. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a report on Thursday, July 16th. Citigroup lowered their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research note on Tuesday, March 31st. Argus raised Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Robert W. Baird upped their target price on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Finally, Stifel Nicolaus decreased their price target on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. One investment 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $212.31.

Cintas Price Performance

Cintas stock opened at $201.36 on Thursday. The business has a 50-day moving average of $177.80 and a 200-day moving average of $183.06. The firm has a market capitalization of $80.56 billion, a P/E ratio of 53.84, a PEG ratio of 3.24 and a beta of 0.94. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $226.75. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS 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 analyst estimates of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, equities analysts anticipate that Cintas Corporation will post 5.49 EPS for the current year.

About Cintas

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.