Polymer Capital Management HK LTD Buys Shares of 8,500 Cintas Corporation $CTAS

Polymer Capital Management HK LTD bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,500 shares of the business services provider’s stock, valued at approximately $1,446,000.

Other hedge funds have also recently made changes to their positions in the company. Nemes Rush Group LLC bought a new position in Cintas during the 4th quarter valued at approximately $25,000. First United Bank & Trust purchased a new position in Cintas during the first quarter valued at $25,000. Whipplewood Advisors LLC raised its stake 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 last quarter. Swiss RE Ltd. bought a new stake in Cintas in the fourth quarter worth $25,000. Finally, Camelot Portfolios LLC bought a new stake in Cintas in the fourth quarter worth $26,000. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

Cintas stock opened at $203.79 on Monday. The firm has a market cap of $81.55 billion, a price-to-earnings ratio of 54.49, a PEG ratio of 3.29 and a beta of 0.91. The stock has a fifty day simple moving average of $191.16 and a two-hundred day simple moving average of $185.04. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16. 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 (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities analysts predict that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CTAS. Robert W. Baird raised their price target on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. UBS Group reiterated a “buy” rating and issued a $230.00 price target (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Friday, July 17th. Wells Fargo & Company restated an “overweight” rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Cintas 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.