PNC Financial Services Group Inc. Buys 28,844 Shares of Cintas Corporation $CTAS

PNC Financial Services Group Inc. boosted its stake in Cintas Corporation (NASDAQ:CTAS) by 2.5% during the first quarter, Holdings Channel.com reports. The firm owned 1,163,448 shares of the business services provider’s stock after buying an additional 28,844 shares during the period. PNC Financial Services Group Inc.’s holdings in Cintas were worth $196,786,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CTAS. Caledonia Investments PLC purchased a new position in shares of Cintas in the fourth quarter valued at about $33,287,000. Riverbridge Partners LLC boosted its holdings in shares of Cintas by 7.7% during the first quarter. Riverbridge Partners LLC now owns 229,158 shares of the business services provider’s stock worth $38,760,000 after purchasing an additional 16,437 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake 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 worth $138,536,000 after purchasing an additional 705,751 shares during the last quarter. Suncoast Equity Management grew 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 purchasing an additional 8,330 shares during the last quarter. Finally, King Luther Capital Management Corp increased its holdings in Cintas by 0.7% during the 4th quarter. King Luther Capital Management Corp now owns 1,812,112 shares of the business services provider’s stock valued at $340,804,000 after purchasing an additional 12,204 shares during the period. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CTAS. Wells Fargo & Company reaffirmed an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Citigroup cut their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research report on Tuesday, March 31st. Stifel Nicolaus reduced their target price on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, Robert W. Baird boosted their price objective on shares of Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Cintas has an average rating of “Moderate Buy” and an average price target of $212.31.

Cintas Stock Performance

Shares of CTAS opened at $201.36 on Thursday. The company has a 50-day simple moving average of $177.80 and a two-hundred day simple moving average of $183.06. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. The firm has a market capitalization of $80.56 billion, a PE ratio of 53.84, a price-to-earnings-growth ratio of 3.24 and a beta of 0.94. Cintas Corporation has a one year low of $161.16 and a one year high of $226.75.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping 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 firm 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 business earned $1.09 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, analysts anticipate 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.