Public Employees Retirement System of Ohio Purchases 5,637 Shares of Cintas Corporation $CTAS

Public Employees Retirement System of Ohio increased its position in Cintas Corporation (NASDAQ:CTAS) by 3.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 158,807 shares of the business services provider’s stock after purchasing an additional 5,637 shares during the period. Public Employees Retirement System of Ohio’s holdings in Cintas were worth $26,861,000 at the end of the most recent quarter.

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

Cintas Stock Up 1.3%

Shares of Cintas stock opened at $205.91 on Friday. 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 Corporation has a 12-month low of $161.16 and a 12-month high of $226.75. The company has a market cap of $82.38 billion, a P/E ratio of 55.06, a PEG ratio of 3.28 and a beta of 0.94. The company’s fifty day simple moving average is $179.30 and its two-hundred day simple moving average is $183.35.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.24 by $0.05. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Research analysts anticipate that Cintas Corporation will post 5.49 EPS for the current year.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Weiss Ratings upgraded Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Argus upgraded Cintas to a “strong-buy” rating in a report on Friday, July 17th. Bank of America raised Cintas from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $230.00 in a research report on Thursday, July 16th. Finally, Robert W. Baird increased their price objective on Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. One 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $212.31.

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.