SummitTX Capital L.P. Has $766,000 Stock Holdings in Cintas Corporation $CTAS

SummitTX Capital L.P. decreased its position in Cintas Corporation (NASDAQ:CTAS) by 44.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 4,529 shares of the business services provider’s stock after selling 3,566 shares during the quarter. SummitTX Capital L.P.’s holdings in Cintas were worth $766,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC bought a new position in shares of Cintas in the 4th quarter valued at about $25,000. Swiss RE Ltd. bought a new stake in shares of Cintas during the fourth quarter worth approximately $25,000. First United Bank & Trust bought a new stake in shares of Cintas during the first quarter worth approximately $25,000. Whipplewood Advisors LLC lifted its holdings in Cintas by 1,712.5% in 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 period. Finally, Camelot Portfolios LLC acquired a new position in Cintas in the fourth quarter valued at approximately $26,000. 63.46% of the stock is owned by institutional investors.

Cintas Stock Down 4.5%

Cintas stock opened at $206.79 on Friday. The firm has a market capitalization of $82.73 billion, a price-to-earnings ratio of 55.29, a PEG ratio of 3.50 and a beta of 0.94. The company’s 50 day simple moving average is $182.47 and its 200 day simple moving average is $183.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $226.75.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, sell-side analysts anticipate that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be given a $0.52 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio is currently 48.13%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Wells Fargo & Company reissued an “overweight” rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. UBS Group restated a “buy” rating and issued a $230.00 price target (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $231.00 price objective on shares of Cintas in a research note on Wednesday, July 15th. Finally, Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and upped their price objective for the company from $200.00 to $230.00 in a report on Thursday, July 16th. One research 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 company. According to MarketBeat, Cintas presently has an average rating of “Moderate Buy” and an average price target 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.