Cintas Corporation $CTAS Shares Sold by Lido Advisors LLC

Lido Advisors LLC trimmed its position in Cintas Corporation (NASDAQ:CTAS) by 37.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,889 shares of the business services provider’s stock after selling 8,988 shares during the period. Lido Advisors LLC’s holdings in Cintas were worth $2,519,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CTAS. Nemes Rush Group LLC acquired a new position in shares of Cintas in the fourth quarter valued at approximately $25,000. First United Bank & Trust acquired a new stake in Cintas during the first quarter worth approximately $25,000. Whipplewood Advisors LLC grew its stake in Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after acquiring an additional 137 shares during the period. Swiss RE Ltd. purchased a new stake in Cintas in the 4th quarter worth approximately $25,000. Finally, Camelot Portfolios LLC acquired a new position in Cintas in the 4th quarter valued at $26,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of CTAS stock opened at $205.91 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The firm has a market capitalization of $82.38 billion, a price-to-earnings ratio of 55.06, a price-to-earnings-growth ratio of 3.32 and a beta of 0.94. Cintas Corporation has a one year low of $161.16 and a one year high of $226.75. The company has a 50 day moving average price of $179.30 and a 200 day moving average price of $183.33.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The company 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%. Cintas’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Sell-side analysts anticipate that Cintas Corporation will post 5.49 EPS for the current year.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $231.00 price target on shares of Cintas in a research note on Wednesday, July 15th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a research note on Thursday, July 16th. Wells Fargo & Company reiterated an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and increased their target price for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. Finally, Robert W. Baird raised their price target on Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a research note 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 assigned a Sell rating to the company. According to MarketBeat, Cintas presently has a consensus rating of “Moderate Buy” and a consensus price target 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.