2,556 Shares in Cintas Corporation $CTAS Purchased by Patron Partners LLC

Patron Partners LLC acquired a new position in Cintas Corporation (NASDAQ:CTAS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,556 shares of the business services provider’s stock, valued at approximately $435,000.

Other institutional investors have also recently bought and sold shares of the company. One Capital Management LLC increased its holdings in shares of Cintas by 0.9% during the fourth quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock worth $1,159,000 after purchasing an additional 53 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Cintas by 0.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock valued at $1,236,000 after buying an additional 58 shares during the period. Sachetta LLC grew its position in Cintas by 46.0% during the first quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock worth $34,000 after buying an additional 63 shares in the last quarter. Ausdal Financial Partners Inc. grew its position in Cintas by 2.8% during the second quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock worth $510,000 after buying an additional 63 shares in the last quarter. Finally, Elyxium Wealth LLC increased its stake in Cintas by 4.9% during the 4th quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider’s stock worth $257,000 after acquiring an additional 64 shares during the period. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CTAS shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and raised their price target for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. Robert W. Baird boosted their price target on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. UBS Group reaffirmed a “buy” rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cintas currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.31.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $203.79 on Friday. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.16. The stock has a market capitalization of $81.55 billion, a price-to-earnings ratio of 54.49, a price-to-earnings-growth ratio of 3.29 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. The company’s 50 day simple moving average is $191.16 and its 200 day simple moving average is $185.08.

Cintas (NASDAQ:CTAS) last released its 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 quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, research analysts predict that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

The firm 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 dividend of $0.52 per share. This is an increase 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 dividend yield of 1.0%. Cintas’s payout ratio is presently 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.