Helios Capital Management PTE. Ltd. Acquires Shares of 6,800 Cintas Corporation $CTAS

Key Points

• Helios Capital Management acquired 6,800 Cintas shares valued at approximately $1.16 million, making Cintas its 20th-largest holding and representing 1.1% of its portfolio. Institutional investors collectively own 63.46% of Cintas.
• Cintas exceeded quarterly expectations, reporting $1.29 in EPS versus the $1.24 consensus and $2.91 billion in revenue, up 8.9% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $212.31.
• The company increased its quarterly dividend from $0.45 to $0.52 per share, or $2.08 annualized, yielding about 1.0%. Shares opened at $199.52, with a market capitalization of approximately $79.84 billion.

Helios Capital Management PTE. Ltd. acquired a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,800 shares of the business services provider's stock, valued at approximately $1,157,000. Cintas comprises about 1.1% of Helios Capital Management PTE. Ltd.'s portfolio, making the stock its 20th largest holding.

Other institutional investors also recently modified their holdings of the company. State Street Corp increased its holdings in Cintas by 1.4% during the 4th quarter. State Street Corp now owns 15,311,491 shares of the business services provider's stock valued at $2,879,632,000 after purchasing an additional 210,477 shares during the period. Geode Capital Management LLC lifted its holdings in Cintas by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 9,293,485 shares of the business services provider's stock worth $1,746,453,000 after buying an additional 97,220 shares during the period. Norges Bank purchased a new stake in Cintas in the 4th quarter worth approximately $923,672,000. Morgan Stanley grew its position in shares of Cintas by 0.8% in the 4th quarter. Morgan Stanley now owns 4,393,116 shares of the business services provider's stock worth $826,214,000 after buying an additional 36,666 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Cintas by 4.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,683,582 shares of the business services provider's stock worth $504,702,000 after buying an additional 112,622 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company restated an "overweight" rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. The Goldman Sachs Group reiterated a "buy" rating and issued a $231.00 price target on shares of Cintas in a report on Wednesday, July 15th. Bank of America raised shares of Cintas from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $200.00 to $230.00 in a research report on Thursday, July 16th. UBS Group restated a "buy" rating and issued a $230.00 price objective (up from $228.00) on shares of Cintas in a report on Thursday, July 16th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $206.00 target price on shares of Cintas in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $212.31.

Cintas Stock Down 0.6%

CTAS stock opened at $199.52 on Friday. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $221.36. The business's 50 day moving average price is $188.85 and its two-hundred day moving average price is $184.71. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The company has a market capitalization of $79.84 billion, a price-to-earnings ratio of 53.35, a price-to-earnings-growth ratio of 3.22 and a beta of 0.92.

Cintas (NASDAQ:CTAS - Get Free Report) 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 firm 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%.The business's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, analysts forecast that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

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

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.

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