Lido Advisors LLC Cuts Position in Cintas Corporation $CTAS

Lido Advisors LLC lowered its holdings in Cintas Corporation (NASDAQ:CTAS) by 37.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,889 shares of the business services provider’s stock after selling 8,988 shares during the quarter. Lido Advisors LLC’s holdings in Cintas were worth $2,519,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group reiterated a “buy” rating and set a $230.00 price target (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Wells Fargo & Company restated an “overweight” rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Argus raised Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a report on Thursday, July 16th. Finally, Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $212.31.

Cintas Stock Performance

Shares of CTAS opened at $205.91 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The stock has a market cap of $82.38 billion, a P/E ratio of 55.06, a PEG ratio of 3.32 and a beta of 0.94. The company has a 50-day moving average of $179.30 and a two-hundred day moving average of $183.33. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $226.75.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, research analysts predict that Cintas Corporation will post 5.49 EPS for the current fiscal 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.