Cintas (CTAS)

• Market cap: $86.7B
• 1 day: -0.85%
• 5 days: -4.66%
• 1 month: 2.14%
• 3 months: 12.12%
• 6 months: 24.32%
• Year to date: 45.43%
• 1 year: 57.30%
• 5 years: 236.09%
• 10 years: 1,098.89%
• Sector: Consumer Staples
• Industry: Men’s & Boys Furnishings, Work Clothing & Allied Garments

About: Cintas is positioned as a one-stop shop that rents/sells uniforms and ancillary products and services, such as mops, first aid kits, and fire inspections. In its core uniform and facility services unit (a majority of sales), Cintas provides uniform rental programs for items including office attire, custom-tailored apparel, flame-resistant clothing, lab coats, and other profession-specific clothing. Facilities products include the rental and sale of entrance mats, mops, shop towels, hand sanitizers, and restroom supplies. Cintas' remaining businesses include first aid and safety services, fire protection services, and uniform direct sales.

Employees: 46,500

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

6,406% more repeat investments, than reductions

Existing positions increased: 1,106 | Existing positions reduced: 17

43% more first-time investments, than exits

New positions opened: 166 | Existing positions closed: 116

15% more funds holding in top 10

Funds holding in top 10: 27 [Q2] → 31 (+4) [Q3]

13% more capital invested

Capital invested by funds: $45.1B [Q2] → $50.8B (+$5.74B) [Q3]

4% more funds holding

Funds holding: 1,248 [Q2] → 1,298 (+50) [Q3]

5% less call options, than puts

Call options by funds: $294M | Put options by funds: $311M

2.1% less ownership

Funds ownership: 63.42% [Q2] → 61.32% (-2.1%) [Q3]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $170 21% downside
• Avg. target: $211 2% downside
• High target: $245 14% upside

11 analyst ratings

• positive: 5 45%
• neutral: 4 36%
• negative: 2 18%

Barclays Manav Patnaik 72% 1-year accuracy 26 / 36 met price target	14% upside $245	Overweight Maintained	27 Sept 2024
Jefferies Stephanie Moore 79% 1-year accuracy 11 / 14 met price target	7% downside $200	Hold Maintained	26 Sept 2024
Goldman Sachs George Tong 50% 1-year accuracy 14 / 28 met price target	10% upside $236	Buy Maintained	26 Sept 2024
Morgan Stanley Toni Kaplan 71% 1-year accuracy 12 / 17 met price target	14% downside $185	Equal-Weight Maintained	26 Sept 2024
Wells Fargo Jason Haas 46% 1-year accuracy 13 / 28 met price target	11% downside $191	Underweight Maintained	26 Sept 2024