Cintas (CTAS)

• Market cap: $75.4B
• 1 day: 2.27%
• 5 days: -11.57%
• 1 month: -14.54%
• 3 months: -8.43%
• 6 months: 5.84%
• Year to date: 26.33%
• 1 year: 35.05%
• 5 years: 175.40%
• 10 years: 838.93%
• Sector: Consumer Staples
• Industry: Men’s & Boys Furnishings, Work Clothing & Allied Garments

About: Cintas has roots tracing back to 1929, during which the Farmer family cleaned and re-sold dirty rags to manufacturing plants in Ohio. The firm has grown its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. In the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid, fire, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.

Employees: 46,500

Fund manager confidence

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

6,547% more repeat investments, than reductions

Existing positions increased: 1,130 | Existing positions reduced: 17

79% more first-time investments, than exits

New positions opened: 168 | Existing positions closed: 94

19% more funds holding in top 10

Funds holding in top 10: 27 [Q2] → 32 (+5) [Q3]

13% more capital invested

Capital invested by funds: $45.1B [Q2] → $50.9B (+$5.8B) [Q3]

6% more funds holding

Funds holding: 1,251 [Q2] → 1,325 (+74) [Q3]

5% less call options, than puts

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

2.08% less ownership

Funds ownership: 63.52% [Q2] → 61.45% (-2.08%) [Q3]

Research analyst outlook

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

• Low target: $184 2% downside
• Avg. target: $210 12% upside
• High target: $245 31% upside

9 analyst ratings

• positive: 4 44%
• neutral: 4 44%
• negative: 1 11%

Goldman Sachs George Tong 29% 1-year accuracy 8 / 28 met price target	13% upside $211	Buy Maintained	20 Dec 2024
Truist Securities Jasper Bibb 75% 1-year accuracy 12 / 16 met price target	15% upside $215	Buy Maintained	20 Dec 2024
UBS Joshua Chan 67% 1-year accuracy 10 / 15 met price target	17% upside $218	Buy Maintained	20 Dec 2024
RBC Capital Ashish Sabadra 65% 1-year accuracy 34 / 52 met price target	15% upside $215	Sector Perform Reiterated	20 Dec 2024
Wells Fargo Jason Haas 48% 1-year accuracy 15 / 31 met price target	2% downside $184	Underweight Maintained	20 Dec 2024