OMERS ADMINISTRATION Corp Acquires 3,913 Shares of Cintas Corporation $CTAS

OMERS ADMINISTRATION Corp lifted its holdings in Cintas Corporation (NASDAQ:CTAS) by 25.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 19,151 shares of the business services provider’s stock after purchasing an additional 3,913 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Cintas were worth $3,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new stake in Cintas during the fourth quarter worth $923,672,000. Two Sigma Investments LP increased its holdings in shares of Cintas by 5,641.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock valued at $208,682,000 after acquiring an additional 998,963 shares during the period. Voloridge Investment Management LLC increased its holdings in shares of Cintas by 275.2% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock valued at $230,556,000 after acquiring an additional 823,885 shares during the period. Freestone Grove Partners LP raised its position in shares of Cintas by 5,341.8% in the 3rd quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock worth $153,352,000 after acquiring an additional 733,380 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Cintas by 2,286.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 736,620 shares of the business services provider’s stock worth $138,536,000 after acquiring an additional 705,751 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on CTAS. Citigroup decreased their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research note on Tuesday, March 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $231.00 target price on shares of Cintas in a report on Wednesday, July 15th. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research report on Thursday, July 16th. Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, 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. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.31.

Cintas Trading Up 2.5%

Cintas stock opened at $210.98 on Tuesday. The firm has a market cap of $84.41 billion, a PE ratio of 56.41, a P/E/G ratio of 3.32 and a beta of 0.94. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $226.75. The stock’s 50 day simple moving average is $180.03 and its two-hundred day simple moving average is $183.50. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28.

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, beating the consensus estimate of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Analysts anticipate that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas 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.