KBC Group NV Buys 2,760 Shares of Cintas Corporation $CTAS

by · The Cerbat Gem

KBC Group NV raised its stake in shares of Cintas Corporation (NASDAQ:CTAS – Free Report) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 641,490 shares of the business services provider’s stock after buying an additional 2,760 shares during the quarter. KBC Group NV owned about 0.16% of Cintas worth $108,502,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CTAS. Norges Bank purchased a new stake in shares of Cintas in the fourth quarter worth $923,672,000. Two Sigma Investments LP increased its holdings in shares of Cintas by 5,641.3% during the third 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 in the last quarter. SG Americas Securities LLC raised its position in shares of Cintas by 2,653.0% in the 4th quarter. SG Americas Securities LLC now owns 1,003,031 shares of the business services provider’s stock worth $188,640,000 after purchasing an additional 966,597 shares during the last quarter. Voloridge Investment Management LLC raised its position 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 worth $230,556,000 after purchasing an additional 823,885 shares during the last quarter. Finally, Freestone Grove Partners LP boosted its stake in 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 purchasing an additional 733,380 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $231.00 price objective on shares of Cintas in a research report on Wednesday. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $200.00 to $230.00 in a report on Thursday. 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. Truist Financial reduced their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, June 15th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a report on Thursday. One research 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’s stock. Based on data from MarketBeat, Cintas presently has an average rating of “Moderate Buy” and a consensus price target of $212.31.

View Our Latest Stock Report on CTAS

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Cintas Stock Performance

Cintas stock opened at $204.45 on Monday. Cintas Corporation has a one year low of $161.16 and a one year high of $226.75. The business’s fifty day moving average is $175.60 and its 200 day moving average is $182.80. The stock has a market capitalization of $81.80 billion, a PE ratio of 57.75, a price-to-earnings-growth ratio of 3.12 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 – Get Free Report) last issued 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. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.Cintas’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, sell-side analysts predict that Cintas Corporation will post 5.48 EPS for the current year.

About Cintas

(Free Report)

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.

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