Patron Partners LLC Purchases New Position in Cintas Corporation $CTAS

Patron Partners LLC acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,556 shares of the business services provider’s stock, valued at approximately $435,000.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CTAS. Truist Financial reduced their price objective on Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Monday, June 15th. Argus upgraded Cintas to a “strong-buy” rating in a research report on Friday, July 17th. Bank of America raised Cintas from a “neutral” rating to a “buy” rating and lifted their price target for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. Robert W. Baird boosted their price target on Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a research note 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $212.31.

Cintas Stock Performance

Shares of Cintas stock opened at $203.79 on Friday. The stock has a market cap of $81.55 billion, a price-to-earnings ratio of 54.49, a P/E/G ratio of 3.29 and a beta of 0.92. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $219.16. The company’s fifty day moving average is $191.16 and its 200 day moving average is $185.08. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.Cintas’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Sell-side analysts forecast that Cintas Corporation will post 5.49 EPS 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 paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Cintas’s payout ratio is currently 55.61%.

Cintas 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.