Cintas Corporation $CTAS Shares Purchased by Caxton Associates LLP

Caxton Associates LLP lifted its position in shares of Cintas Corporation (NASDAQ:CTAS) by 531.0% during the first quarter, Holdings Channel reports. The firm owned 22,647 shares of the business services provider’s stock after acquiring an additional 19,058 shares during the quarter. Caxton Associates LLP’s holdings in Cintas were worth $3,831,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of CTAS. Nemes Rush Group LLC purchased a new stake in shares of Cintas in the fourth quarter valued at about $25,000. Swiss RE Ltd. purchased a new stake in shares of Cintas during the fourth quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Cintas during the fourth quarter worth $26,000. Camelot Portfolios LLC acquired a new stake in shares of Cintas during the fourth quarter worth $26,000. Finally, Triumph Capital Management purchased a new position in Cintas in the 3rd quarter valued at $29,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 0.9%

Shares of CTAS stock opened at $203.25 on Friday. The business’s fifty day moving average price is $178.55 and its 200 day moving average price is $183.19. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $226.75. The firm has a market capitalization of $81.32 billion, a PE ratio of 54.34, a P/E/G ratio of 3.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27.

Cintas (NASDAQ:CTAS) last released its 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. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the company earned $1.09 earnings per share. Cintas’s quarterly revenue was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, sell-side analysts forecast that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CTAS shares. Argus raised shares of Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Truist Financial reduced their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, June 15th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $231.00 target price on shares of Cintas in a report on Wednesday, July 15th. Stifel Nicolaus dropped their price target on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cintas currently has a consensus rating of “Moderate Buy” and a consensus 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.