Elyxium Wealth LLC Makes New $262,000 Investment in Cintas Corporation (NASDAQ:CTAS)

Elyxium Wealth LLC bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,274 shares of the business services provider's stock, valued at approximately $262,000.

Several other institutional investors have also recently made changes to their positions in CTAS. Norges Bank purchased a new stake in shares of Cintas during the fourth quarter worth about $877,216,000. GAMMA Investing LLC grew its position in shares of Cintas by 19,644.3% during the first quarter. GAMMA Investing LLC now owns 2,263,091 shares of the business services provider's stock worth $465,133,000 after purchasing an additional 2,251,629 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Cintas during the fourth quarter worth about $196,057,000. Northern Trust Corp grew its position in shares of Cintas by 13.1% during the fourth quarter. Northern Trust Corp now owns 4,067,037 shares of the business services provider's stock worth $743,048,000 after purchasing an additional 472,069 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Cintas by 26.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider's stock worth $407,163,000 after purchasing an additional 468,950 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Price Performance

NASDAQ:CTAS opened at $221.94 on Monday. The firm has a market capitalization of $89.62 billion, a price-to-earnings ratio of 50.33, a PEG ratio of 3.50 and a beta of 1.05. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The business has a 50 day simple moving average of $220.99 and a 200-day simple moving average of $208.40. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period last year, the company earned $3.99 EPS. Cintas's quarterly revenue was up 8.0% compared to the same quarter last year. Equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on CTAS. Royal Bank Of Canada restated a "sector perform" rating and set a $240.00 price target (up previously from $215.00) on shares of Cintas in a report on Monday, June 9th. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. Redburn Atlantic cut Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target for the company. in a report on Thursday, May 1st. Robert W. Baird raised their price target on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday. Finally, The Goldman Sachs Group raised their price target on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Cintas currently has an average rating of "Hold" and an average target price of $224.54.

Cintas Company Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.

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