Helios Capital Management PTE. Ltd. Purchases New Holdings in Cintas Corporation $CTAS

Helios Capital Management PTE. Ltd. acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 6,800 shares of the business services provider’s stock, valued at approximately $1,157,000. Cintas comprises approximately 1.1% of Helios Capital Management PTE. Ltd.’s holdings, making the stock its 20th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new stake in shares of Cintas in the 4th quarter worth approximately $923,672,000. Two Sigma Investments LP increased its position in Cintas by 5,641.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock valued at $208,682,000 after buying an additional 998,963 shares in the last quarter. Voloridge Investment Management LLC raised its stake in Cintas by 275.2% during the third quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock valued at $230,556,000 after buying an additional 823,885 shares during the last quarter. Freestone Grove Partners LP raised its stake in Cintas by 5,341.8% during the third quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock valued at $153,352,000 after buying an additional 733,380 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Cintas by 2,286.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 736,620 shares of the business services provider’s stock worth $138,536,000 after acquiring an additional 705,751 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS opened at $199.52 on Friday. The business’s fifty day simple moving average is $188.85 and its two-hundred day simple moving average is $184.71. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $221.36. The company has a market cap of $79.84 billion, a price-to-earnings ratio of 53.35, a P/E/G ratio of 3.22 and a beta of 0.92.

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

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio is 48.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group reissued a “buy” rating and issued a $230.00 target price (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Weiss Ratings raised Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Truist Financial dropped their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. Argus upgraded shares of Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.31.

About Cintas

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.