Bristol Gate Capital Partners Inc. Makes New Investment in Cintas Corporation $CTAS

Bristol Gate Capital Partners Inc. purchased a new stake in Cintas Corporation (NASDAQ:CTAS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 362,750 shares of the business services provider’s stock, valued at approximately $61,697,000. Cintas makes up about 4.3% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 15th largest holding. Bristol Gate Capital Partners Inc. owned 0.09% of Cintas as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nemes Rush Group LLC acquired a new stake in shares of Cintas in the 4th quarter valued at about $25,000. First United Bank & Trust acquired a new position in Cintas during the 1st quarter worth approximately $25,000. Whipplewood Advisors LLC raised its stake in Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after buying an additional 137 shares during the period. Swiss RE Ltd. bought a new position in Cintas in the fourth quarter worth approximately $25,000. Finally, Camelot Portfolios LLC bought a new position in Cintas in the fourth quarter worth approximately $26,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Down 1.3%

Shares of Cintas stock opened at $204.76 on Wednesday. The stock has a fifty day simple moving average of $192.37 and a 200 day simple moving average of $185.24. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $219.16. The company has a market capitalization 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 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 data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, sell-side analysts anticipate that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.0%. This is a boost from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 14th. Cintas’s dividend payout ratio is presently 55.61%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CTAS shares. Robert W. Baird upped their target price on Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Bank of America upgraded shares of Cintas from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $200.00 to $230.00 in a report on Thursday, July 16th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $231.00 price objective on shares of Cintas in a research note on Wednesday, July 15th. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.