Bristol Gate Capital Partners Inc. Purchases New Holdings in Cintas Corporation $CTAS

Bristol Gate Capital Partners Inc. acquired a new position in Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 362,750 shares of the business services provider’s stock, valued at approximately $61,697,000. Cintas accounts for about 4.3% of Bristol Gate Capital Partners Inc.’s portfolio, making the stock its 15th largest holding.

A number of other institutional investors have also recently bought and sold shares of CTAS. Nemes Rush Group LLC purchased a new stake in shares of Cintas during the 4th quarter valued at $25,000. First United Bank & Trust purchased a new position in shares of Cintas in the 1st quarter worth about $25,000. Whipplewood Advisors LLC grew its position in Cintas by 1,712.5% during the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after buying an additional 137 shares during the period. Swiss RE Ltd. bought a new position in Cintas during the fourth quarter valued at about $25,000. Finally, Camelot Portfolios LLC purchased a new stake in Cintas during the fourth quarter worth about $26,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ CTAS opened at $204.76 on Wednesday. The firm has a market cap of $81.94 billion, a P/E ratio of 54.75, a price-to-earnings-growth ratio of 3.35 and a beta of 0.92. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $192.37 and its 200-day moving average is $185.24. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $219.16.

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

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s dividend payout ratio is 55.61%.

Analysts Set New Price Targets

A number of research analysts have weighed in on CTAS shares. Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Truist Financial decreased their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, June 15th. Robert W. Baird upped their price objective on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Wells Fargo & Company reissued an “overweight” rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $212.31.

Cintas Company 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.