Jag Capital Management LLC Makes New Investment in Cintas Corporation $CTAS

Jag Capital Management LLC purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 44,391 shares of the business services provider’s stock, valued at approximately $7,508,000.

Several other institutional investors have also recently made changes to their positions in CTAS. Allspring Global Investments Holdings LLC raised its holdings in shares of Cintas by 269.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 391,328 shares of the business services provider’s stock valued at $67,324,000 after acquiring an additional 285,364 shares in the last quarter. Independent Financial Group LLC bought a new position in Cintas during the 1st quarter worth about $232,000. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Cintas during the 1st quarter valued at about $33,733,000. Wealthfront Advisers LLC raised its holdings in shares of Cintas by 17.9% in the 1st quarter. Wealthfront Advisers LLC now owns 54,777 shares of the business services provider’s stock valued at $9,265,000 after purchasing an additional 8,331 shares in the last quarter. Finally, Twin Capital Management Inc. raised its holdings in shares of Cintas by 18.3% in the 1st quarter. Twin Capital Management Inc. now owns 9,819 shares of the business services provider’s stock valued at $1,661,000 after purchasing an additional 1,522 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ronald W. Tysoe sold 4,666 shares of the business’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $178.87, for a total transaction of $834,607.42. Following the transaction, the director directly owned 22,448 shares in the company, valued at $4,015,273.76. The trade was a 17.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CTAS. Truist Financial dropped their price objective on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. Stifel Nicolaus reduced their price objective on shares of Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. UBS Group reaffirmed a “buy” rating and set a $230.00 target price (up from $228.00) on shares of Cintas in a research report on Thursday. Wells Fargo & Company reiterated an “overweight” rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a report on Thursday. Finally, Bank of America raised Cintas from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $200.00 to $230.00 in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $212.31.

Cintas Trading Up 7.2%

NASDAQ:CTAS opened at $206.25 on Friday. The stock has a market capitalization of $82.52 billion, a price-to-earnings ratio of 58.26, a PEG ratio of 3.05 and a beta of 0.94. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $226.75. The company has a quick ratio of 1.74, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $174.85 and a 200 day moving average of $182.71.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, sell-side analysts anticipate that Cintas Corporation will post 5.44 earnings per share for the current fiscal year.

Cintas News Summary

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: Cintas reported better-than-expected Q4 results, with adjusted EPS of $1.29 and revenue of $2.91 billion, both above Wall Street estimates. The company also posted 8.9% revenue growth and record margins, reinforcing the bullish reaction. Cintas earnings report
• Positive Sentiment: Bank of America upgraded Cintas to Buy from Neutral and lifted its price target to $230 from $200, citing improving labor market conditions, growth in adjacent product categories, and margin expansion from supply-chain and distribution initiatives. Bank of America upgrade article
• Positive Sentiment: Robert W. Baird also raised its price target to $214 and kept an Outperform rating, while other analysts increased forecasts after the earnings beat, adding to momentum around the stock. Analyst forecast increases
• Positive Sentiment: Management’s fiscal 2027 guidance called for revenue of $12.10 billion to $12.25 billion and EPS of $5.36 to $5.50, signaling confidence in continued growth even as the company works through the pending UniFirst acquisition. Cintas earnings release
• Neutral Sentiment: Royal Bank of Canada reaffirmed a Sector Perform rating with a $206 target, essentially in line with the recent trading level, suggesting some analysts see the current valuation as more balanced. RBC rating note
• Neutral Sentiment: One article questioned whether Cintas is fully valued after its strong five-year run, reflecting growing debate about how much upside is already priced in. Valuation article

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.