Convergence Investment Partners LLC Purchases 722 Shares of Cintas Corporation $CTAS

Convergence Investment Partners LLC raised its position in shares of Cintas Corporation (NASDAQ:CTAS) by 27.8% in the second quarter, HoldingsChannel reports. The fund owned 3,320 shares of the business services provider’s stock after acquiring an additional 722 shares during the period. Convergence Investment Partners LLC’s holdings in Cintas were worth $740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of Cintas in the first quarter valued at approximately $27,000. Saudi Central Bank acquired a new stake in shares of Cintas in the first quarter valued at approximately $29,000. Stone House Investment Management LLC acquired a new stake in shares of Cintas in the first quarter valued at approximately $41,000. Resources Management Corp CT ADV acquired a new stake in shares of Cintas in the first quarter valued at approximately $41,000. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Cintas in the first quarter valued at approximately $46,000. Institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

CTAS has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Wells Fargo & Company lowered their price objective on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Robert W. Baird boosted their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Citigroup boosted their price objective on shares of Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. Finally, UBS Group boosted their price objective on shares of Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Cintas currently has a consensus rating of “Hold” and an average target price of $222.09.

Cintas Stock Down 1.1%

Shares of CTAS opened at $188.68 on Tuesday. The firm has a 50 day simple moving average of $201.21 and a two-hundred day simple moving average of $212.38. The company has a market cap of $75.82 billion, a P/E ratio of 42.78, a P/E/G ratio of 3.30 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Research analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Insider Activity

In other news, Director Ronald W. Tysoe sold 5,084 shares of the company’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the completion of the transaction, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.90% of the company’s stock.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.