2,526 Shares in Cintas Corporation $CTAS Bought by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,526 shares of the business services provider’s stock, valued at approximately $427,000.

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

Cintas Trading Down 1.0%

CTAS stock opened at $204.63 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $226.75. The stock has a market cap of $81.89 billion, a price-to-earnings ratio of 54.71, a PEG ratio of 3.34 and a beta of 0.94. The business’s 50-day moving average is $183.11 and its 200 day moving average is $184.12.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The business 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 business’s revenue was up 8.9% compared to the same quarter last year. 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. On average, sell-side analysts anticipate that Cintas Corporation will post 5.49 EPS for the current fiscal 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 paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 annualized dividend and a 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%.

Analyst Ratings Changes

Several analysts have commented on CTAS shares. Wells Fargo & Company reissued an “overweight” rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. UBS Group reaffirmed a “buy” rating and set a $230.00 target price (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $230.00 in a research report on Thursday, July 16th. Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Finally, Robert W. Baird boosted their price target on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $212.31.

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.