Cintas Co. (NASDAQ:CTAS) Given Consensus Recommendation of “Hold” by Analysts

Cintas Co. (NASDAQ:CTAS) has earned a consensus recommendation of “Hold” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $213.88.

CTAS has been the topic of several research analyst reports. Robert W. Baird lifted their price objective on Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research note on Thursday, March 27th. Wells Fargo & Company increased their price objective on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research report on Thursday, March 27th. Morgan Stanley upped their price target on shares of Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 27th. Bank of America began coverage on Cintas in a research note on Thursday, April 10th. They set a “buy” rating and a $250.00 price objective on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research note on Thursday, March 27th.

Insider Buying and Selling

In other news, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $208.96, for a total value of $1,780,548.16. Following the transaction, the director now owns 27,029 shares of the company’s stock, valued at $5,647,979.84. The trade was a 23.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Jim Rozakis sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $190.37, for a total transaction of $380,740.00. Following the sale, the chief operating officer now owns 256,528 shares of the company’s stock, valued at $48,835,235.36. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by corporate insiders.

Institutional Trading of Cintas

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new stake in shares of Cintas during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC acquired a new position in Cintas in the 4th quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new stake in Cintas in the fourth quarter worth approximately $31,000. IAG Wealth Partners LLC boosted its stake in shares of Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after acquiring an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Cintas during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Down 0.1 %

Shares of Cintas stock opened at $214.79 on Friday. The firm has a market cap of $86.73 billion, a PE ratio of 51.79, a P/E/G ratio of 3.98 and a beta of 1.09. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Cintas has a fifty-two week low of $164.93 and a fifty-two week high of $228.12. The business’s fifty day moving average is $202.92 and its two-hundred day moving average is $204.44.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.08. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.84 EPS. Analysts anticipate that Cintas will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas’s dividend payout ratio is presently 36.11%.

About Cintas

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.