OMERS ADMINISTRATION Corp Boosts Stock Position in Cintas Corporation $CTAS

OMERS ADMINISTRATION Corp lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 25.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,151 shares of the business services provider’s stock after buying an additional 3,913 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Cintas were worth $3,239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nemes Rush Group LLC purchased a new stake in Cintas in the 4th quarter worth $25,000. First United Bank & Trust purchased a new position in Cintas during the first quarter valued at $25,000. Whipplewood Advisors LLC grew its position in shares of Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 137 shares during the period. Swiss RE Ltd. acquired a new stake in shares of Cintas in the fourth quarter valued at about $25,000. Finally, Camelot Portfolios LLC purchased a new stake in shares of Cintas during the fourth quarter worth about $26,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on CTAS shares. Robert W. Baird upped their price target on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Argus raised Cintas to a “strong-buy” rating in a report on Friday, July 17th. Wells Fargo & Company restated an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $231.00 price target on shares of Cintas in a research note on Wednesday, July 15th. One equities 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $212.31.

Cintas Stock Performance

CTAS opened at $210.98 on Tuesday. The firm has a market capitalization of $84.41 billion, a PE ratio of 56.41, a PEG ratio of 3.32 and a beta of 0.94. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $226.75. The firm’s 50-day moving average price is $180.03 and its 200 day moving average price is $183.50. 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 released its quarterly earnings data 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. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. Cintas’s quarterly 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, sell-side analysts expect that Cintas Corporation will post 5.49 EPS for the current fiscal 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.