EHP Funds Inc. Acquires Shares of 2,700 Cintas Corporation $CTAS

EHP Funds Inc. bought a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,700 shares of the business services provider’s stock, valued at approximately $602,000. Cintas accounts for about 0.2% of EHP Funds Inc.’s investment portfolio, making the stock its 20th biggest position.

Several other hedge funds have also bought and sold shares of CTAS. Curi Capital LLC bought a new stake in Cintas during the 2nd quarter valued at $666,000. Benjamin Edwards Inc. lifted its stake in shares of Cintas by 1.7% in the second quarter. Benjamin Edwards Inc. now owns 201,424 shares of the business services provider’s stock valued at $44,892,000 after buying an additional 3,352 shares in the last quarter. Boothbay Fund Management LLC grew its holdings in shares of Cintas by 333.4% during the second quarter. Boothbay Fund Management LLC now owns 29,203 shares of the business services provider’s stock valued at $6,508,000 after buying an additional 22,465 shares during the last quarter. Brevan Howard Capital Management LP increased its position in shares of Cintas by 147.1% during the second quarter. Brevan Howard Capital Management LP now owns 66,403 shares of the business services provider’s stock worth $14,799,000 after acquiring an additional 39,534 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Cintas by 275.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 127,264 shares of the business services provider’s stock worth $28,363,000 after acquiring an additional 93,334 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of analyst reports. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price target for the company in a research note on Tuesday, November 11th. Citigroup lifted their target price on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. Sanford C. Bernstein initiated coverage on Cintas in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $200.00 price target for the company. Redburn Partners set a $184.00 price objective on shares of Cintas in a report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Cintas from $246.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $212.71.

Cintas Price Performance

CTAS opened at $187.53 on Friday. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24. The firm has a 50-day moving average of $187.11 and a 200 day moving average of $205.86. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.94 and a current ratio of 2.24. The firm has a market cap of $75.36 billion, a P/E ratio of 42.52, a PEG ratio of 3.26 and a beta of 0.96.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, research analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, November 14th. Cintas’s dividend payout ratio is 40.82%.

Cintas announced that its Board of Directors has initiated a stock buyback plan on Tuesday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

About Cintas

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.