Lombard Odier Asset Management Switzerland SA Cuts Stock Holdings in Cintas Corporation $CTAS

Lombard Odier Asset Management Switzerland SA decreased its holdings in Cintas Corporation (NASDAQ:CTAS) by 34.3% in the first quarter, Holdings Channel reports. The firm owned 12,258 shares of the business services provider’s stock after selling 6,400 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Cintas were worth $2,073,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Caledonia Investments PLC bought a new position in Cintas in the 4th quarter worth $33,287,000. Riverbridge Partners LLC raised its holdings in Cintas by 7.7% during the first quarter. Riverbridge Partners LLC now owns 229,158 shares of the business services provider’s stock valued at $38,760,000 after acquiring an additional 16,437 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Cintas by 2,286.3% in 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 acquiring an additional 705,751 shares in the last quarter. SEB Asset Management AB purchased a new position in shares of Cintas in the first quarter valued at about $22,366,000. Finally, Suncoast Equity Management boosted its stake in shares of Cintas by 53.7% in the fourth quarter. Suncoast Equity Management now owns 23,845 shares of the business services provider’s stock worth $4,485,000 after acquiring an additional 8,330 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

CTAS has been the topic of several recent analyst reports. Citigroup decreased their target price on Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research note on Tuesday, March 31st. Truist Financial cut their price objective on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday, June 15th. UBS Group reiterated a “buy” rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. The Goldman Sachs Group restated a “buy” rating and set a $231.00 target price on shares of Cintas in a research report on Wednesday, July 15th. Finally, Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $212.31.

Cintas Price Performance

NASDAQ CTAS opened at $205.91 on Monday. The stock has a 50 day moving average price of $179.30 and a 200-day moving average price of $183.33. Cintas Corporation has a one year low of $161.16 and a one year 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. The company has a market capitalization of $82.38 billion, a P/E ratio of 55.06, a P/E/G ratio of 3.32 and a beta of 0.94.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. Cintas’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. As a group, equities analysts predict that Cintas Corporation will post 5.49 EPS for the current fiscal 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.