Bristol Gate Capital Partners Inc. Has $87.70 Million Stock Position in Cintas Corporation $CTAS

Bristol Gate Capital Partners Inc. lowered its stake in Cintas Corporation (NASDAQ:CTAS) by 23.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 393,511 shares of the business services provider’s stock after selling 121,211 shares during the period. Cintas makes up approximately 5.0% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 7th biggest position. Bristol Gate Capital Partners Inc. owned 0.10% of Cintas worth $87,702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Cintas by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 38,384,133 shares of the business services provider’s stock worth $8,554,672,000 after purchasing an additional 524,829 shares during the period. Geode Capital Management LLC raised its holdings in Cintas by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 9,192,013 shares of the business services provider’s stock valued at $2,049,017,000 after buying an additional 314,860 shares during the period. Nuveen LLC bought a new stake in Cintas in the first quarter worth $1,877,760,000. Norges Bank purchased a new position in Cintas during the second quarter worth $925,531,000. Finally, Northern Trust Corp boosted its stake in Cintas by 0.7% during the first quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider’s stock worth $841,749,000 after buying an additional 28,469 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CTAS shares. Wells Fargo & Company reissued a “cautious” rating and issued a $185.00 target price (down previously from $218.00) on shares of Cintas in a research note on Tuesday. Redburn Partners set a $184.00 price objective on shares of Cintas in a research report on Tuesday, November 11th. Rothschild & Co Redburn raised shares of Cintas from a “sell” rating to a “neutral” rating and set a $184.00 price objective for the company in a research note on Tuesday, November 11th. Royal Bank Of Canada cut their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 25th. Finally, Citigroup increased their price target on Cintas from $172.00 to $176.00 and gave the stock a “sell” rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Cintas presently has a consensus rating of “Hold” and a consensus price target of $212.71.

Cintas Stock Performance

Cintas stock opened at $186.10 on Friday. 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 company has a market capitalization of $74.79 billion, a PE ratio of 42.20, a P/E/G ratio of 3.18 and a beta of 0.99. The company has a 50 day moving average price of $190.60 and a 200-day moving average price of $208.24. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week high of $229.24.

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

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

Cintas Announces Dividend

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

Cintas Company Profile

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.